Car dealers say system outage from hack could persist until June 30th

Two. Now an update on the cyber attack on CDK that has crippled auto dealerships across North America. CDK telling clients yesterday that its software outage may last until June 30th and warn them that they may need to make alternative plans on how to handle their end of month finances. The company did not comment in reports of a potential ransom payment. Another auto dealership related news, Solara is reportedly seeking a valuation of 10 to $13 billion in an IPO. The company analyzes vehicle life cycle data for clients including insurers and auto dealers. And provides fleet management services. A Bloomberg report says it may file publicly for its US IPO as soon as this week. The company was taken private by Vista Equity Partners in another group of investors in 2016 at a valuation of 6 1/2 billion dollars.