CDK Global buys vehicle the e-commerce platform Roadster for $360 million
Roadster, the Palo Alto-based digital platform that gives dealers tools to sell new and used vehicles online has been acquired for $360 million by retail automotive technology company CDK Global Inc., according to a Securities and Exchange Commission filing. As part of the all-cash deal, Roadster is now a wholly owned subsidiary. Roadster's business model has evolved since its founding in 2013.
Source: yahoo.com