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Autobytel may seek a buyer

September 27, 2008|From Times Wire Services

Autobytel Inc., the Irvine-based operator of MyRide.com and other car-shopping websites, hired RBC Capital Markets Corp. to explore a possible sale of the company.

"Our current stock price as well as overall market conditions are conducive to, and have driven, increased interest in Autobytel from various third parties," Autobytel Chief Executive Jim Riesenbach said in a statement.

Autobytel's shares rose 6 cents to $1.07.

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