PR & News CDK sold for $8.3 Billion

[Alex Snyder]

CDK Global to be acquired by investment firm in $8.3 billion deal

CDK said the acquisition by Brookfield Business Partners is expected to close in the third quarter.

www.autonews.com

CDK Global Inc. said it agreed to be acquired by investment firm Brookfield Business Partners in a deal valued at $8.3 billion that would take the publicly traded dealership software giant private.

 

[Jeff Kershner]

Well I guess that's some big news. I wonder what other companies Brookfield Business Partners has their hands on inside of the automotive industry...


Here were some of the guesses members were making before the announcement. @Ryan Everson had it right. I too would have thought either Cox or some investment firm.

If CDK were for sale, who would buy it?

The rumor mill is chirping away. Who do you speculate would buy CDK?

forum.dealerrefresh.com

Next question for the community: How long with Brookfield Business Partners hold onto it?

 

[doubleG]

Well I guess that's some big news. I wonder what other companies Brookfield Business Partners has their hands on inside of the automotive industry...


Here were some of the guesses members were making before the announcement. @Ryan Everson had it right. I too would have thought either Cox or some investment firm.

If CDK were for sale, who would buy it?

The rumor mill is chirping away. Who do you speculate would buy CDK?

forum.dealerrefresh.com

Next question for the community: How long with Brookfield Business Partners hold onto it?

Great question - the "sum of the parts" is the only thing that makes sense to me per your question. If I paid a ~30% premium, cost savings and redundancies will be my 1st priorities...18 mos until disassembly?