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Deals Rumor Mill: Gannett, SoftBank, Foxconn

By Karlee Weinmann (May 7, 2014, 5:46 PM EDT) -- Gannett Co. Inc., one of the joint owners of Cars.com, could buy out its counterparts' shares of the auto-sales website alongside a private equity partner in a deal worth up to $3 billion, sources told Reuters on Wednesday. USA Today parent Gannett is one of a handful of newspaper companies that owns Classified Ventures LLC, which operates Cars.com. It currently has a 27 percent stake. Reports earlier this year indicated that London buyout firm Apax Partners LLP and media company Cox Enterprises Inc. were considering making separate bids....

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