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Gannett Agrees to $1.8 Billion Buyout of Cars.com Site

Gannett Co., the owner of USA Today, has agreed to buy out the other companies that own Cars.com for $1.8 billion, according to a person familiar with the matter.

Gannett already owns about 27 percent of the auto-sales website, so the deal values the whole business at about $2.5 billion, the person said, asking not to be identified discussing private information. An agreement could be announced as soon as today, the person said.