Cox Enterprises bought 25 percent of AutoTrader Group from...
Cox Enterprises bought 25 percent of AutoTrader Group from Providence Equity Partners, giving Cox 98 percent ownership of AutoTrader, Cox said in a press release Friday. AutoTrader Group is “the nation’s largest digital automotive marketplace,” and owns Autotrader.com, Kelley Blue…
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Book and several other companies associated with assisting car sales, said the release. Cox also owns and operates vehicle remarketer Manheim. With the buy of Providence’s shares in AutoTrader, Cox Enterprises “will continue to look for opportunities to grow our leadership position and further innovate ways to meet the needs of car buyers,” said Cox Enterprises CEO John Dyer.