If CDK were for sale, who would buy it?

[Alex Snyder]

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

 

[craigh]

So are we thinking someone with $6B+ who wants to get into or increase their foothold in the market?
CDK is.. substantial. If this goes through, I just hope to see them continue to centralize all their products under Fortellis.

 

[Ryan Everson]

Would have to either be a venture capital firm or maybe Cox?

Has the rise of Tekion influenced this potential sale?

 

[ChrisR]

Amazon?

 

[craigh]

Amazon?

I don't see it. Although I'm certain there's a data play here, I don't know that Amazon would want all the legacy software projects.

 

[Ryan Everson]

I don't see it. Although I'm certain there's a data play here, I don't know that Amazon would want all the legacy software projects.

Yeah, Amazon would be extremely unlikely. I could see maybe someone like SAP, but still unlikely.

 

[Chris Cachor]

I actually used to work for CDK. One of the best jobs I've had. I'd say with where they're at under Krzanich I could see a potential play from either Microsoft, Salesforce, or another investment firm with current management kept in place.

 

[Alex Snyder]

SalesForce is an interesting one.

 

[craigh]

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.

 

[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

Ha! We were posting at the same time. So, I'm editing this post.

Now we can let the cat out of the bag that I heard Cox Automotive played in this bidding war. @Ryan Everson nailed it on his first response to this thread.