The $500m deal for KBB, founded in California in 1926, includes the sale of KBB's sister companies CDM data and CDM Dealer Services and is being backed by Providence Equity Partners and Kleiner Perkins Caulfield & Byers.
Autotrader.com has become the internets most popular destination for buyers and sellers of new, used and collectible vehicles and the acquisition of KBB will add additional valuation tools to its services although the company added that, "Autotrader.com strongly believes in maintainin Kelley Blue Book's independent and ubiased position in the marketplace".
More articles from Entrepreneur Country:
- Former trade secretary replaces Lord Sugar as enterprise tsar
- 78% of entrepreneurs tell Lord Sugar ‘you’re fired’
- The Wayne Rooney effect- Why downside protection does not make you money
- Online Dragon Julie Meyer advises fired 'Apprentice'
- By whose rules should we judge entrepreneurs?
- Why the world’s poorest people are its strongest market
- Industry survey predicts ‘other’ private equity houses will fall and further banking covenants will be breached
- Study finds that 92% of US two year olds have an online presence
- Latest M&A and VC deals from the last 7 days
Like this article and want to be part of Entrepreneur Country? Please click the relevant link below or leave a comment.
Linked In - http://linkd.in/ct1Rfy
Twitter - @Encountry
Email -
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Editor-
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
