Tuesday, October 25, 2005
Autobytel Retains Investment Bank
Irvine-based Autobytel this morning said that it has retained Merrill Lynch & Co. to assist the company in exploring potential acquisitions, mergers with, or potential sale of the company. The company said that the company has decided to explore strategic alternatives with the goal of maximizing shareholder value and providing best of breed services for its customers. Autobytel provides an Internet automotive marketing service that connects automotive dealers and manufacturers with consumers. The company operates a number of web sites, including Autobytel.com, Car.com, Autoweb.com, and other sites focused on automotive information.