Private equity firm KKR & Co LP has agreed to purchase website operator Internet Brands Inc from private equity firms Hellman & Friedman and JMI Equity for $1.1 billion, the New York Times reported, citing people familiar with the matter. (r.reuters.com/myv79v)Internet Brands, which was taken private for $640 million in 2010, operates websites such as Lawyers.com, CarsDirect and ApartmentRatings.com. Most of its revenue comes from online advertising.KKR is looking to expand Internet Brands' services while focusing on business categories such as automobiles, health, legal, and home and travel.Internet Brands' Autodata Solutions business provides software and services to Toyota Motor Corp, Ford Motor Co and Chrysler Group LLC.
Ford Motor Company (Ford) is a producer of automobiles. Shares of F remained unchanged at $16.44. In the past year, the shares have traded as low as $14.30 and as high as $18.02. On average, 28191800 shares of F exchange hands on a given day and today's volume is recorded at 17977688.
TOYOTA MOTOR CORPORATION is a Japan-based company mainly engaged in the automobile business and financial business. Shares of TM traded higher by 0.74% or $0.84/share to $113.95. In the past year, the shares have traded as low as $103.38 and as high as $134.94. On average, 458550 shares of TM exchange hands on a given day and today's volume is recorded at 662476.
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