Tuesday, October 26, 2010
Kelley Blue Book Acquired By AutoTrader.com
Irvine-based Kelley Blue Book, the provider of new and used car pricing information, has been acquired by AutoTrader.com, which is based in Atlanta. Financial details of the deal were not announced. As part of the deal, AutoTrader.com said it is also acquiring CDMdata and CDM Dealer Services, two of Kelley Blue Book's sister companies. Kelley Blue Book will become a subsidiary of AutoTrader.com, and continue to be headquartered in Irvine. Kelly blue Book was advised by J.P. Morgan in the deal; AutoTrader.com was advised by Goldman, Sachs & Co. Kelley Blue Book has been offering up its car pricing information on the web since 1995, and was founded in 1926. AutoTrader is a subsidiary of Cox Enterprises, and is venture backed by Providence Equity Partners and Kleiner Perkins Caufield & Byers.