Dealertrack Technologies Acquires Dealer.com for $992,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2577eb33-aaa6-4e1d-b44f-6e06e8929400
Date
12/20/2013
Company Name
Dealer.com
Mailing Address
1 Howard St. Burlington, VT 05401
Company Description
Dealer.com is the global leader in online marketing solutions for the automotive industry, providing award winning e-marketing solutions to auto dealers, OEM’s and media companies. More dealerships use the Dealer.com platform than any other platform in the world.
Website
http://www.dealer.com
Transaction Type
M&A
Transaction Amount
$992,000,000
Transaction Round
Proceeds Purposes
M&A Terms
Under the terms of the agreement, 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, subject to customary post-closing adjustments. Dealertrack expects to finance the cash portion of the purchase price through cash on hand and with fully committed debt financing.