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Gannett receives regulatory clearance to acquire full ownership of Classified Ventures, LLC

Friday 05. September 2014 - Gannett Co., Inc. (NYSE: GCI) announced today that it has received federal regulatory clearance under the Hart-Scott-Rodino Act to acquire full ownership of Cars.com, one of the leading digital companies in the automotive space. Under the agreement, Gannett will acquire the 73% interest it does not already own in Classified Ventures LLC, which owns Cars.com.

Gannett Co., Inc. (NYSE: GCI) announced today that it has received federal regulatory clearance under the Hart-Scott-Rodino Act to acquire full ownership of Cars.com, one of the leading digital companies in the automotive space. Under the agreement, Gannett will acquire the 73% interest it does not already own in Classified Ventures LLC, which owns Cars.com.
Closing is expected to occur on October 1, 2014.