Cars.com decides not to sell itself

Cars.com decided against selling itself after a strategic review.

"We have conducted an exhaustive strategic review process, engaging with several interested parties to evaluate the relative benefits of various strategic alternatives with the purpose of maximizing value for our shareholders," Chairman Scott Forbes said in a statement. "The process did not yield actionable options for a sale of the company.”

Throughout the 10-month review, 29 "interested, prospective bidders" engaged in communications.

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