Buys Out Kelley Blue Book has acquired Kelley Blue Book Co., Inc. for a reported price of over $500 million. expects to make a substantial amount of additional advertising revenues from the acquisition. will also buy Kelley’s sister company CDMdata. CDMdata provides hardware and software data for the auto industry. The deal is expected to close by the end of the year. [Reuters]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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