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.