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"A New York-based software developer has acquired Burlington-based Dealer.com in billion dollar deal that will be formalized in March.Dealertrack Technologies Inc., a company that makes software for car dealerships, will acquire Dealer.com for about $1 billion in cash and stock.According to Bloomberg News, the New York based company paid $620 million in cash and another $370 million in stock.\"By joining forces with Dealer.com, we will be able to provide dealers, OEMs, and other industry partners with a deep and broad array of integrated solutions,\" said Mark O'Neil, chairman and chief executive officer, Dealertrack, in a press release.Dealer.com, a Burlington-based company, helps market and sell cars online, while Dealertrack connects car dealers with lenders and credit companies.\"This is a very exciting opportunity for Dealer.com,\" said Rick Gibbs, chief executive officer, Dealer.com.The deal is expected to close in the first quarter of 2014.Dealer.com was found in 1998. It has approximately 830 employees between its Pine Street headquarters and its California office."^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.mynbc5.com/article/dealer-com-acquired-in-billion-dollar-deal/3313429>