Thread regarding CDK Global Inc. layoffs

Fear not current employee's CDK take over bids now being accepted

Currently work at this horrible company? Jealous of your coworkers who got laid off?

Fear not, CDK had takeover bids from Advent, Bain, and Silverlake this week. There is a light at the end of the tunnel, and it doesn't involve working here.

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considering the CTO (Rajiv) just sold a bunch of stock I doubt a sale is coming... just another layoff.

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never happened.

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But before a sale, the stock price will be ramped up so that the options holders will be able to squeeze the last drop out of what once was a fine and respectable company. Such a very sad story. Shame on those involved.

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It's no surprise a sale or takeover would be pending. With a $200 million lawsuit hanging over their heads, CDK execs are ready to run far and fast to distance themselves from the mess.

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