Cars.com on sale for $3 billion

[RazorNF]

Classified Ventures exploring $3 bln sale of Cars.com

(Reuters) - Classified Ventures LLC, a joint venture of five media companies, has put its online listings business Cars.com up for sale at a price of up to $3 billion, The Wall Street Journal reported on Sunday, citing people familiar with the plans.

Classified Ventures has retained investment bank Moelis & Co as an adviser on the potential sale and is in talks with potential bidders that are expected to include private equity firms as well as strategic investors, the Journal reported on its website, citing the unidentified people.

http://www.reuters.com/article/2014/03/09/carsdotcom-sale-idUSL2N0M60LS20140309

 

[john_karr]

Classified Ventures exploring $3 bln sale of Cars.com

(Reuters) - Classified Ventures LLC, a joint venture of five media companies, has put its online listings business Cars.com up for sale at a price of up to $3 billion, The Wall Street Journal reported on Sunday, citing people familiar with the plans.

Classified Ventures has retained investment bank Moelis & Co as an adviser on the potential sale and is in talks with potential bidders that are expected to include private equity firms as well as strategic investors, the Journal reported on its website, citing the unidentified people.

http://www.reuters.com/article/2014/03/09/carsdotcom-sale-idUSL2N0M60LS20140309

Nice buy for CarMax.com. Don't you think?

 

[MassivePassive]

This includes an already established company though.

 

[weblord]

do they accept bitcoin? i should have registered when i got the chance. though i only want 1 car.

 

[FPForum]

3 Billion...with a B? It's a great name but I'm not sure it's worth that kinda coin. Still, a heck of a name that plenty of companies will be throwing offers out there for. I just don't think any are going to have a B behind them...

 

[Name Trader]

The value of the domain Cars.com is not worth $3B. The value of the business may also not worth $3B. That's the asking price for the domain and the business. The value of the sale will be more about what the business is worth than what the domain is worth. Even if they wouldn't have the business without the domain

 

[alien51]

I wonder how much revenue they are pulling in on that website portal?

 

[LookBeforeSpending]

Might be a good buy for GM or another car company. People looking for all kinds of cars could be pointed toward only cars from their brand.

 

[Expron]

Maybe Facebook will buy it. I don't see it selling for 3 Billion, but I may be wrong. It would have to be pulling in a decent amount of revenue and have some kind of social ties to make it worth the asking price.

Then it would be worth the price, there is money in the auto industry, sooner or later someone needs to buy a new or used car.

 

[FPForum]

Maybe their commercials will help raise the value LOL:
http://www.youtube.com/user/Carscom

 

[4better]

I honestly don't think this will sell for $3 billion.

 

[Outlast]

Lol. Sky is the limit.

 

[MangoNames]

I am going to give it a appraisal and say an honest 5-10 Million would be a good price. It is plural though, if it was Car.com then that would be another story.