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New Deal


Announced

Fair to acquire Canvas from Ford Credit.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Digital Services

Pending

vehicle subscription

Acquisition

United States

ride sharing

Private

Friendly

Single Bidder

Majority

Synopsis

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Fair, a vehicle subscription app firm, agreed to acquire Canvas, a vehicle subscription services provider and a wholly-owned subsidiary of Ford Motor Credit. Financial terms were not disclosed. “Canvas has built innovative subscription products that are relevant to consumers today, and like Fair, has opened up new ways for consumers to gain access to mobility. This acquisition underscores our shared commitment to providing consumers with the car they want on their own terms,” Georg Bauer, Fair Chairman, and Co-founder.

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