Classified Ventures, an online advertising joint venture among six newspaper publishers, has acquired HomeGain Inc., an online real estate marketplace.
Terms were not disclosed.
Richard Sommer will continue to as CEO of HomeGain and will also become president/general manager of Classified Ventures’ real estate unit. HomeGain will operate as a wholly owned subsidiary of Classified Ventures and will retain its headquarters in Emeryville, CA.
HomeGain provides consumers with direct access to real estate professionals, while giving agents and brokers the products and tools to conduct and manage their online marketing.
Classified Ventures is a joint venture among Belo Corp., Gannett Co. Inc. Knight Ridder, the McClatchy Co., the Tribune Co. and The Washington Post Co.
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