CareerBuilder may soon be owned by a New York-based, publicly traded private equity firm. Reuters reports that an anticipated deal with Chicago-based GTCR LLC fell through, and CareerBuilder's owners are now in negotiations with Apollo Global Management, which is traded on the NYSE.
Forbes magazine takes an extensive look at Craigslist and its two major competitors, OfferUp and LetGo, in an impressive 5,000-word series from reporter Ryan Mac. The magazine "conservatively" values Craigslist at $3 ...
Caledonia (Private) Investments Ltd., a major investor in classified advertising sites, has disclosed a stake of almost 10 percent of the shares of TrueCar. Caledonia has been one of the leading investors in Zillow Group, Zillow and Trulia (before their merger) and Rightmove, among others. TrueCar shares have almost tripled in value during the past year.
Paul Levine, who spent more than six years at Trulia and helped guide it through the merger with Zillow, announced he’s leaving Trulia in May after more than six years and will join a venture capital firm. Levine began as COO at Trulia in 2011 and became president in February of 2015. He started in interactive media as VP and GM of local for Yahoo...
Reuters reports CareerBuilder may be sold for more than $1 billion to GTCR, a private equity firm based literally down the block from CareerBuilder in Chicago.
Chris Hendricks will retire from The McClatchy Co. later this year. He's been a pioneer in digital media since the early 1990s, and has been involved in companies including CareerBuilder, Moonlighting, and the Local Media Consortium.
Carvana, which had losses of $93 million on $365 million in sales last year, has filed paperwork for an initial public offering. The company, which launched in 2012, operates in 21 markets around the U.S. It did not set a timeline or a price range for the IPO shares.
An IPO is reportedly in the works for CarGurus, the 11-year-old Boston-based auto site that we profiled as a U.S. traffic leader in our Automotive Advertising Annual last month.
CoStar Group, parent company of Apartments.com and other businesses, reported "wow!" earnings with EBITDA in 2016 more than double what the company reported in 2015. CoStar said it is on target to top $1 billion in revenue in 2018 with a 40 percent margin target.
Sandy Schwartz, president of Cox Automotive Group, says he's having fun trying to integrate the 25 businesses that Cox Automotive runs, in a terrific interview by WardsAuto.