Graham Holdings Company (NYSE: GHC) has received a gross cash distribution of approximately $95 million from Classified Ventures’ sale of Apartments.com. The sale closed today. Graham Holdings owns a 16.5% interest in Classified Ventures.In a separate transaction, Graham Holdings completed the sale of its headquarters building to Carr Properties on March 27, 2014. The sale, announced on November 29, 2013, was contingent upon the successful completion of a due diligence period. The sale price was about $158 million.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts