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Autotrader To Buy Kelley Blue Book


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SEE ALSO: Kelley Blue Book Can Make Buyers Blue and The Dealer Green (With Your Cash) - Originally Published 2001

New York Oct 26, 2010; Anand Basu writing for Reuters reported that online automotive advertising company Autotrader.com agreed to acquire car pricing service Kelley Blue Book.

Autotrader.com did not disclose the details of the deal, which is expected to close by the end of the year.

It will also acquire Kelley Blue Book's sister companies CDMdata, which provides hardware and software for the auto industry, and CDM Dealer Services, which offers inventory-management software.

J.P. Morgan advised Kelley Blue Book on the transaction, while Goldman, Sachs & Co acted as advisor to AutoTrader.com.

Earlier the Wall Street Journal reported that Autotrader.com will pay more than $500 million for Kelley Blue Book.

Editing for Reuters by Jon Loades-Carter