Tag: truecar


Tegna to spin off Cars.com on May 31

Tegna to spin off Cars.com on May 31

The Cars.com spinoff from Tegna is scheduled for completion at the end of May, with a new board of directors including Cars.com CEO Alex Vetter and Scott Forbes, chairman of Rightmove in the U.K., as chairman. The company will pay Tegna a cash dividend of ...


Caledonia buys huge TrueCar stake

Caledonia buys huge TrueCar stake

Caledonia (Private) Investments Ltd., a major investor in classified advertising sites, has disclosed a stake of almost 10 percent of the shares of TrueCar. Caledonia has been one of the leading investors in Zillow Group, Zillow and Trulia (before their merger) and Rightmove, among others. TrueCar shares have almost tripled in value during the past year.



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