News Corp. sells CarsGuide stake to Cox

09 Aug 2016

News Corp. sold its 50-percent stake in Australian auto site CarsGuide to Atlanta-based Cox Automotive for an undisclosed amount, in a deal awaiting the green light from shareholders and anti-trust authorities.

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Kate Lyons

Kate Lyons has worked as a business, marketing and finance journalist for over 25 years. Formerly news editor and deputy editor of advertising weekly B&T, as well as editor of Australian Small Business magazine and Franchising Magazine, she has written for all major metropolitan newspapers in Australia, including The Australian Financial Review, The Australian, The Sunday Telegraph and The Sydney Morning Herald.