Reuters Report: Gannett a Potential Suitor for Cars.com
NEW YORK -
An exclusive report from Reuters released Wednesday afternoon indicated that Gannett Co., one of the newspaper companies with a stake in the parent company of Cars.com, is interested in perhaps buying Cars.com.
Reuters — which cited “people familiar with the matter” — said in this report that Gannett is considering putting together a deal with private equity firms to purchase full ownership in Cars.com for as much as $3 billion.
Cars.com is owned by Classified Ventures, a strategic joint venture five media companies that includes Gannett, Belo, The McClatchy Co., Tribune and Graham Holdings.
When reached by Auto Remarketing, a spokesperson for Cars.com declined comment on Wednesday.