An investor group led by affiliates of Apollo Global Management (NYSE: APO), along with the Ontario Teachers’ Pension Plan Board, yesterday closed on its acquisition of a majority of the outstanding equity interests in job board operator CareerBuilder LLC.

The acquisition was first announced in June. CareerBuilder’s prior owners — Tegna Inc., Tribune National Marketing Company LLC and McClatchy Interactive West — will retain a minority interest.

TEGNA’s gross proceeds from the sale were approximately $250 million. As part of the final agreement, TEGNA will reduce its previous 53% controlling interest to approximately 12% on a fully-diluted basis. TEGNA will also retain two seats on CareerBuilder’s board of directors.

Tribune Media will receive approximately $158 million in cash and will retain an approximate 7% ownership stake in CareerBuilder on a fully-diluted basis.

Prior to closing, McClatchy received $7.3 million in cash distributions from CareerBuilder and $66.6 million in cash proceeds from the sale.