Human Capital Services | Chicago, IL | Corporate Divestiture
Digital media company TEGNA has completed its sale of CareerBuilder, a human capital management platform, to a group led by affiliates of Apollo Global Management and the Ontario Teachers’ Pension Plan Board. As part of the final agreement, TEGNA will retain a 12% stake in CareerBuilder along with two seats on its board. The $250 million deal will net TEGNA roughly $220 million in cash. Shares of TEGNA (NYSE: TGNA) dropped more than 3% Monday.