Graham sees cash distribution from Classified Ventures' sale of Apartments.com Graham Holdings Company (GHC) said that it anticipates a cash distribution as a result of an agreement by Classified Ventures, LLC to sell Apartments.com for $585M to CoStar Group (CSGP). CV expects the transaction to close in 2Q14. Graham Holdings owns a 16.5% interest in CV. The company expects to receive about $95M at closing.
CoStar Group to acquire Apartments.com for $585M in cash CoStar Group announced it has signed an agreement to acquire Apartments.com, a division of Classified Ventures, for $585M in cash. The boards of directors of CoStar Group and Classified Ventures have unanimously approved the transaction, which is expected to close in Q2.