June 03 - 13:06
CDK Global buys Roadster for $360 million
Retail automotive technology company CDK Global has acquired Roadster, the Palo Alto-based digital platform that gives dealers tools to sell new and used vehicles online, for $360 million in an all-cash deal. Roadster is now a wholly-owned subsidiary of CDK. “Consumers have shown they are increasingly more willing to purchase big-ticket items onlinE,” said Brian Krzanich, CDK Global’s CEO.
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