CDK Global's $8.3 billion deal to go private could accelerate growth

CDK Global COO Joe Tautges: "We saw a great opportunity to create value for [shareholders] and really align with a buyer here who is a very value-added, reputable private equity owner. And it just levels the playing field, quite frankly."

April 08, 2022 07:15 PM

CDK Global Inc. plans to join its privately held competitors in the dealership management system market this year, perhaps giving the company more flexibility to pursue longer-term growth strategies than public shareholders want to tolerate.

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