04 Mar '14, 3am

sells for $585 Million in Cash

Classified Ventures, LLC (“CV”), a leading provider of digital marketing solutions in the automotive and apartment rental categories, announced today that it has entered into an agreement to sell its Apartments.com business for $585 million in cash to CoStar Group, Inc., a leading provider of commercial real estate research and information services. The sale follows a September 2013 announcement that the Company and its Board of Directors would explore strategic alternatives for Apartments.com. CV was advised by Moelis & Company and Skadden, Arps, Slate, Meagher & Flom. The transaction is expected to close in the second quarter of 2014.

Full article: http://www.thedomains.com/2014/03/03/apartments-com-sells...

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