Apollo Global and Ontario Teachers Acquire Majority Stake in CareerBuilder
McLean, Virginia-based TEGNA Inc., Chicago-based Tribune Media and McClatchy are selling ownership positions in CareerBuilder LLC, a job website, to an investor group led by Apollo Global Management and Ontario Teachers’ Pension Plan (OTPP). TEGNA was the majority owner of CareerBuilder, selling its stake for US$ 250 million, taking its stake from 53% down to 12.5%. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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