On the call with me today is Cyrus Madon, chief executive officer; Denis Turcotte, chief operating officer; and Jaspreet Dehl, chief financial officer. Jaspreet will finish with a discussion on our financial results.
Image source: The Motley Fool. Brookfield Business Corporation Class A Exchangeable Subordinate Voting Shares (NYSE: BBUC)Q1 2022 Earnings CallMay 06, 2022, 11:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorWelcome to the Brookfield Business Partners first quarter 2022 results conference call and webcast.
Brookfield Business Partners is buying CDK Global Inc for $6.41 billion in cash, taking private the last major publicly traded provider of software to auto dealers and manufacturers. The purchase announced on Thursday gives the private equity firm a strong foothold in an industry estimated to reach $29.3 billion by 2026, thanks to the rising software demands of companies from electric-vehicle startups to established auto manufacturers. CDK Global has over the past several years come under pressure to sell itself and has been an activist target.