1,000 dealers share their thoughts about chat, text and messaging in general...and how these communications pay off. SEE HOW
According to rbr.com "Cox will be borrowing $100 million on its current credit lines to close the deal."
This does not mean that the Autotrader.com purchase of VinSolutions was valued at $100 million, it just needed this cashflow to complete the deal.
There were so many numbers thrown out there about how much VinSolutions sold for, but we may never know that exact number right now. This article shed some light on the background financing of the transaction so I wanted to share it on DrivingSales.
Here is the full scope of the article, and if you click on the image you can go to the original story.