Frager Factor

Sunday, March 09, 2014

Cars.com Goes on The Block For $3 Billion (Yes Billion with a B)

As Elliot pointed out the other day, the day of the Exact Match Domain (EMD) is HERE and NOW.

Now…. Newspaper Consortium Seeks to Sell Cars.com for $3 Billion

Online Marketplace is Jointly Owned by Gannett, Tribune, McClatchy and Other Publishers

A group of newspaper publishers has put the cars.com online marketplace up for sale for as much as $3 billion, hoping to cash in on booming values for e-commerce sites, people familiar with the plans said.

Moelis & Co., which is advising the Classified Ventures publishers consortium on the sale, already has begun discussions with potential bidders, which are expected to include private-equity firms and strategic investors, the…  more

Hat Tip: Phil Corwin



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