Seeking Alpha

Bloomberg: Cox, Apax eye Cars.com

  • Media-holding company Cox Enterprises and London-based private-equity firm Apax Partners are interested in bidding for auto-sales Web site Cars.com, Bloomberg reports.
  • Cox already owns the AutoTrader site in the U.S. while Apax controls a business of the same name in the U.K.
  • Cars.com's owner, newspaper consortium Classified Ventures, is hoping to fetch $3B in a sale. Classified's investors are Gannett (GCI), McClatchy (MNI), Tribune (TRBAA), A.H. Belo (AHC) and Graham Holdings (GHC).
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