Deal Nets Cox Enterprises Nearly 100% Stake In AutoTrader

Law360, New York (January 3, 2014, 4:15 PM EST) -- Cox Enterprises Inc. and Providence Equity Partners LLC said Friday they have reached a deal for Cox to acquire Providence Equity's 25 percent equity interest in AutoTrader Group Inc., in a deal that gives Cox nearly complete control over the digital automotive marketplace.

The deal gives Cox a 98 percent stake in the online car dealership, with the remaining 2 percent being held by current and former AutoTrader employees. The financial terms for the deal were not disclosed Friday.

"With more than 32 million monthly visitors to our industry-leading sites AutoTrader.com and KBB.com, AutoTrader Group continues to grow as a trusted...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!