$400 million to Autotrader.com shareholders

10 Apr 2012

While there has been little coverage and as yet no confirmation, Dow Jones has reported an upcoming $400 million payment by AutoTrader.com to its shareholders.

“Backed by Providence Equity Partners and Kleiner Perkins Caufield & Byers, [AutoTrader.com] plans to distribute a $400 million dividend to shareholders,” reported DowJones.com. “The company is proposing a $200 million senior secured t

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Sharon Hill

Sharon Hill has been a senior writer / analyst with the AIM Group since 2004, except for a two-year time-out to serve as sales and marketing manager for Suburban Newspapers of America. She worked at newspapers in California, the Carolinas and Indiana as a classified advertising sales supervisor and manager, and in newspaper circulation in Alaska. At the SNA, she was responsible for bringing in new members; lining up exhibitors, and helping develop programs for the classified conference and the classified alliance. She is also co-author of “Implementing and Managing Telework: A Guide for those who make it Happen” (Praeger Press) and a prolific blogger and social media user. She is based in Phoenix.