AutoTrader.com to buy Kelley Blue Book

AutoTrader.com, a subsidiary of Cox Enterprises Inc., on Tuesday said that it would buy Kelley Blue Book, the iconic car valuation source, for an undisclosed amount.

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Atlanta-based AutoTrader, founded in 1997, said Kelley Blue Book, founded in 1926, will be a subsidiary, and will keep its Irvine, Calif., headquarters and CEO Paul Johnson.

"AutoTrader.com strongly believes in maintaining Kelley Blue Book's independent and unbiased position in the marketplace," the company said.

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FOR SUBSCRIBERSAmerican passenger drafted goodbye texts to her family as Flydubai plane plummeted

FOR SUBSCRIBERSCornell rape allegation pushes embattled New York prosecutor into national spotlight

FOR SUBSCRIBERSAbdul El-Sayed tries to woo MAHA voters as Democrats seek inroads with RFK’s supporters

FOR SUBSCRIBERSKratom-like substances are popping up in a typically benign supplement

FOR SUBSCRIBERSGOP super PAC increases its spending for Sen. Jon Husted in tough Ohio race

FOR SUBSCRIBERSRecords reveal tumultuous marriage between slain New York Times executive and wife

FOR SUBSCRIBERSFrom clean energy warrior to ‘wall of shame,’ James Talarico reverses on a fossil fuel money pledge

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FOR SUBSCRIBERSTrump’s new AI chatbot often links to a site launched under Clinton 26 years ago

FOR SUBSCRIBERSAt MAHA summit, industry CEOs the movement once vilified take the stage

FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

The deal includes Kelley Blue Book's sister companies, CDMdata and CDM Dealer Services.

Cox Enterprises is a privately held media company that also owns newspapers including The Atlanta Journal-Constitution and television and radio stations. Providence Equity Partners owns 25 percent of AutoTrader.com, and venture capital firm Kleiner Perkins Caufield & Byers is another investor.