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DealerTrack acquires ClickMotive for $48.9M in cash

DealerTrack announced the acquisition of ClickMotive LP, a leading provider of interactive marketing solutions for the automotive retailing industry. Total consideration for the transaction is expected to be $48.9M in cash, subject to a standard purchase price adjustment and net of certain expenses. Additionally, the sellers will be eligible to receive additional consideration of up to $7.65M, payable in 2014, if ClickMotive achieves certain performance targets in 2013.