Classified Ventures Acquires ~ NewCars.com

[D MARKS]

Looks like they just acquired NewCars.com

Last week they acquired HomeGain.com

They are a huge entity....see below for details

Classified Ventures is a strategic joint venture among six media companies, including Belo Corp. (NYSE:BLC) , Gannett Co. Inc. (NYSE:GCI) , Knight Ridder Inc. (NYSE:KRI) , The McClatchy Co. (NYSE:MNI) , Tribune Co. (NYSE:TRB) and The Washington Post Co. (NYSE:WPO) , whose objectives are to collectively capitalize on the revenue growth in the online advertising categories of automotive, real estate, and rentals. To execute on its objectives, Classified Ventures has created three leading businesses -- Cars.com, Homescape, and Apartments.com. Last week, the company extended its real estate vertical with the acquisition of HomeGain, a leader in online real estate marketing industry

 

[steven22]

How did you find this out? What did they pay? Any information is greatly appreciated

Looks like they just acquired NewCars.com

Last week they acquired HomeGain.com

They are a huge entity....see below for details

Classified Ventures is a strategic joint venture among six media companies, including Belo Corp. (NYSE:BLC) , Gannett Co. Inc. (NYSE:GCI) , Knight Ridder Inc. (NYSE:KRI) , The McClatchy Co. (NYSE:MNI) , Tribune Co. (NYSE:TRB) and The Washington Post Co. (NYSE:WPO) , whose objectives are to collectively capitalize on the revenue growth in the online advertising categories of automotive, real estate, and rentals. To execute on its objectives, Classified Ventures has created three leading businesses -- Cars.com, Homescape, and Apartments.com. Last week, the company extended its real estate vertical with the acquisition of HomeGain, a leader in online real estate marketing industry

 

[D MARKS]

This was from a news service that I follow, no terms of either deal were released...HomeGain.com is a very established real estate portal so their value was in the biz model, newcars.com I am not familiar with ... below is the link

http://www.rismedia.com/index.php/article/articleview/10881/1/1/