Private equity firm KKR & Co LP said it would purchase Internet Brands Inc, which operates CarsDirect and other websites, from private equity firms Hellman & Friedman and JMI Equity.A source familiar with the matter said the deal was worth about $1.1 billion.KKR, which owns the popular internet domain registration firm GoDaddy.com LLC, is looking to expand Internet Brands' services while focusing on business categories such as automobiles, health, legal, and home and travel.Internet Brands, which was taken private for $640 million in 2010, also operates websites such as Lawyers.com and ApartmentRatings.com. The company also provides automobile-related 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 traded higher by 0.61% or $0.1/share to $16.54. 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 814188.
TOYOTA MOTOR CORPORATION is a Japan-based company mainly engaged in the automobile business and financial business. Shares of TM traded higher by 0.2% or $0.23/share to $114.18. 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 13898.
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