Used Carfax Goes To New Second-Hand Buyer

Your Carfax data is going to new hands. IHS, the company that owns businesses from the defense publication Jane's all the way to the not always reliable Global Insight, told Reuters that "it struck a deal to buy privately held R.L. Polk & Co, the owner of used-car history provider Carfax and a leading provider of auto industry data." Family-owned Polk has been for sale since March. According to a press release, "The $1.4 billion transaction will be funded with 10 percent equity and the remainder with cash on hand, cash from an existing revolver and a new bank term loan." (IHS should have a chat with Microsoft. Word's auto correct, insists that it's the godly HIS, not IHS.) from The Truth About Cars http://www.thetruthaboutcars.com

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