Technology | 2015.06.15
Cox Automotive™ to Invest in Customers and Auto Industry with $4 Billion Acquisition of Dealertrack®
ATLANTA & LAKE SUCCESS, N.Y.--(BUSINESS WIRE)--Cox Automotive, Inc., a leading provider of digital marketing, wholesale and e-commerce solutions across the automotive industry, and Dealertrack Technologies, Inc. (NASDAQ:TRAK), a leader in software solutions and services for automotive retailers, today announced that they have entered into a definitive merger agreement. Cox Automotive will acquire Dealertrack in an all-cash transaction valued at $4 billion, or $63.25 per share. The acquisition i
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