Cox Enterprises acquires 25% stake in AutoTrader Group from Providence Equity Partners

autotrader-header-logoCox Enterprises, Inc. and Providence Equity Partners announced today a definitive agreement by which Cox has acquired Providence Equity’s 25 percent equity interest in AutoTrader Group. Cox Enterprises now holds a 98 percent stake in AutoTrader Group, with the remainder being held by current and former employees.  Financial terms of the transaction were not disclosed. 

For the full press release click PR Newswire