Gannett Co. (GCI), owner of USA Today, agrees to pay $1.8 billion for the 73% of Cars.com It Doesn’t Own

Posted on August 4, 2014

According to Bloomberg.com, Gannett Co. (GCI), the owner of USA Today, agreed to pay $1.8 billion for the 73% of  Cars.com that it doesn’t already own already

Gannett, which already owns about 27%of Cars.com, values the whole business at about $2.5 billion, the person said, asking not to be identified discussing private information. The deal could be announced as soon as tomorrow, the person said.

Jeremy Gaines, a spokesman for Gannett, declined to comment. A representative for Classified Ventures, the entity that owns Cars.com, couldn’t immediately be reached to comment.

 

3 thoughts on “Gannett Co. (GCI), owner of USA Today, agrees to pay $1.8 billion for the 73% of Cars.com It Doesn’t Own”

  1. Some domains — the CARS.com of this world — will likely be inseparably attached to a functioning online business until doomsday.

    That $1.8 billion is just more glue.

  2. It finally shows the indisputable truth of a business built on a category killer generic dot com.

    1. Yes this is a prime example of (.Com URL Centric Gorilla Marketing) . A pure play that cannot be denied access to the Global Marketing arena, Traffic Grid. The beauty of a Legacy .Com extensions univeral appeal. Great example ! Priceless

      Gratefully, Jeff Schneider (Contact Group) (Metal Tiger) (Domain Master)

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