J.D. Power on the Market  – Who are the Potential Buyers?

J.D. Power on the Market – Who are the Potential Buyers?

November 2, 2015 — It’s been 10 years since the McGraw-Hill Companies acquired J.D. Power and Associates for nearly $400 million. Now, according to media reports late last week, McGraw-Hill is exploring strategic alternatives for the market research firm and could command as much as $1 billion for a sale. J.D. Power generates about $265 million in…

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Cliff Banks - The Banks Report

PureCars Sold to Raycom Media

October 29, 2015 — The vendor acquisitions keep coming as PureCars announced earlier this week it has been acquired by Raycom Media. It’s an intriguing acquisition for Raycom, an employee-owned broadcast company that owns 51 television stations in 38 markets reaching more than 13% of U.S. TV watching homes. PureCars is a digital automotive advertising… Continue Reading

Cliff Banks - The Banks Report

Reynolds and Reynolds Acquires Vehicle Titling Product

October 10, 2015 — The Banks Report has learned Reynolds and Reynolds has acquired the Assurant Specialty Property’s Title Administration Services. This latest acquisition isn’t going to generate a lot of headlines or rate high on the sexy deal meter, but it adds a critical piece to the Reynolds portfolio of services which includes document management… Continue Reading

Cliff Banks - The Banks Report

Cox Completes Dealertrack Acquisition

October 1, 2015 — After four extensions and other delays resulting from stipulations from the Department of Justice, Cox Automotive completed the $4 billion acquisition of Dealertrack this morning. Cox is paying $63.25 per share of Dealertrack common stock which ceases trading today on the NASDAQ Global Market. It is the biggest vendor acquisition in the… Continue Reading

DOJ Approves Cox’s Purchase of Dealertrack

DOJ Approves Cox’s Purchase of Dealertrack

September 30, 2015 — The Department of Justice yesterday approved Cox Automotive’s acquisition of Dealertrack provided Dealertrack completes the sale of its Inventory+ solution. The DOJ is requiring the divestiture of Inventory+ because it believes allowing Cox to own both vAuto and Inventory+ would provide Cox with too much of that market , and hence, limit… Continue Reading

IHS – Strong Quarter; Denies Pursuing Solera

IHS – Strong Quarter; Denies Pursuing Solera

September 29, 2015 — The Solera saga takes an interesting turn today as IHS used its quarterly earnings call with analysts to deny media reports that is pursuing an acquisition of Solera. We speculated a couple of weeks ago that Solera would be a good fit for IHS. Both Reuters and Bloomberg reported last week that…

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Cox, Dealertrack Acquisition to Close in October

Cox, Dealertrack Acquisition to Close in October

September 24, 2015 — Despite four extensions of Cox Automotive’s all cash tender offer for Dealertrack, the companies announced today that the deal is now expected to close in October. Executives originally projected the $4.2 billion acquisition would close by the end of the third quarter, but a sale of Dealertrack’s Inventory+ to Dealersocket last month… Continue Reading