Vroom to acquire CarStory for $120m.

Vroom, an e-commerce platform that offers a better way to buy and sell used vehicles, agreed to acquire CarStory, a provider of AI-powered analytics and digital services for automotive retail, for $120m. The transaction is anticipated to close in January 2021, subject to customary closing conditions. "At Vroom, we’ve built a platform made for scale and driven by data. As car buyers and sellers across the country increasingly turn to ecommerce solutions, CarStory will strengthen and extend the reach of our digital retailing platform, and together we will accelerate the transformation of the massive used auto industry. We’ve been continually impressed by the size, breadth and sophistication of CarStory’s operations as we have worked with them for the past two years and we are thrilled to welcome them to Vroom," Paul Hennessy, Vroom CEO.