Cox Enterprises, a media conglomerate based in Atlanta, has bought back its 25% stake in e-commerce company AutoTrader Group for $1.8 billion. Cox sold the said stake to private equity firm Providence Equity Parters for $640 million in 2010.
Cox Communications
Breaking News
Top U.S. cable provider Comcast Corp has tapped JPMorgan Chase & Co for advice as it evaluates a potential bid for Time Warner Cable Inc, people familiar with the matter said.Comcast brought in the bank to help review options as speculation about cable industry consolidation increased in the past several months, one of the people said.
Privately held Cox Communications is considering bidding for Time Warner Cable either on its own or as part of a joint bid, The Wall Street Journal reported on Tuesday, citing anonymous sources.
Cablevision Systems shares jumped to 42% within an eight week period after speculations on a possible sale heated up and shareholders Paulson & Co. and Gamco Investors Inc. said that a sale is likely.
Collective stated that it had raised up to US$50 million from lenders and Cox Communications.
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