Deals
Dealertrack to Buy Car Marketer Dealer.com for $1 Billion
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Dealertrack Technologies Inc., which makes software used by car dealerships, is acquiring Dealer.com for about $1 billion.
Dealertrack will pay $620 million in cash and about 8.72 million shares of stock -- valued at $373 million at yesterday’s closing price of $42.80 -- for Dealer.com, which offers digital marketing services to the auto industry, according to a statement yesterday.