For Sale By Owner Dot Com...

Written By: Realty Times Staff
Wednesday, May 30, 2018

This is Breaking News...wonder what the plan is? Media Company, Brokerage, and FSBO site combo...

ForSaleByOwner.com, LLC, a Delaware limited liability company the "Seller", an indirectly, wholly-owned subsidiary of tronc, Inc. the "Company", completed a disposition of substantially all of its assets used in its business of operating a for-sale-by-owner real estate market place, pursuant to an Asset Purchase Agreement, entered into on March 13, 2018 the "Purchase Agreement", among the Seller, ForSaleByOwner.com, LLC, a Michigan limited liability company the "Buyer", Tribune Publishing Company, LLC, a wholly-owned subsidiary of the Company "Tribune" and In-House Realty LLC "IHR". The closing purchase price consisted of 2.5 million in cash, subject to a post-closing working capital adjustment, of which 700,000 is being held in escrow as security for specified indemnity obligations.

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