Prov Equity Completes AutoTrader Stake Purchase

Providence Equity Partners has completed its acquisition of a 25% equity stake in online automotive shopping site AutoTrader.com, a subsidiary of Cox Enterprises Inc. No financial terms were disclosed. Cox was advised on the sale by Goldman Sachs.

Providence Equity Buys AutoTrader Stake

Providence Equity Partners has agreed to acquire a 25% equity stake in online automotive shopping site AutoTrader.com, a subsidiary of Cox Enterprises Inc. No financial terms were disclosed. Cox was advised on the sale by Goldman Sachs.

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