Gannett buys rest of Cars.com for $1.8 billion
(Bloomberg) — Gannett Co., the owner of USA Today, has agreed to pay $1.8 billion for the 73 percent of auto-sales website Cars.com it doesn't already own, according to a person familiar with the matter.
Cars.com, which was started in 1998, lets user check prices, compare models and read reviews of auto dealers. Classified Ventures is backed by four newspaper publishers in addition to Gannett: McClatchy Co., Tribune Co., AH Belo Corp. and Graham Holdings Co.
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