Auto-by-tel buys Autoweb

USA TODAY reported: Autobytel buys Autoweb. Two of the largest Internet car-buying sites are both struggling to make money and in a move that analysts say may accelerate the departure of their smaller competitors. Autobytel.com and Autoweb.com will merge in a tax-free stock swap that analysts estimate is valued at $15 million. The deal is expected to be completed in the third quarter. The combined company, which will be called Autobytel, will trade on the Nasdaq exchange under Autobytel's existing stock symbol, ABTL. Both sites will continue to operate."