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US: Carfax lands $1.4B deal

 |  June 10, 2013

According to reports, R.L. Polk & Co., which owns the automotive information website Carfax, has agreed to be bought out by information company IHS in a deal worth $1.4 billion. IHS president and CEO Scott Key announced the deal and said the acquisition will benefit the company’s efforts to strengthen its position within the “global automotive value chain.” R.L. Polk first announced that it would be up for sale last March.

Full Content: Detroit News

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