Dealertrack Buys Dealer.com

by , Dec 21, 2013, 9:17 AM
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Dealertrack Technologies has entered into a definitive agreement to acquire Dealer.com, which provides marketing and operations software and services for the automotive industry. Dealertrack will acquire all the equity of Dealer.com for approximately 8.7 million shares of Dealertrack's common stock and $620 million in cash. Upon closing, Gibbs will become Executive Vice President and Group President of Dealertrack's Digital Marketing solution team.

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