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New Deal


Announced

CarMax to acquire the remaining stake in Edmunds for $354m.

Financials

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Transaction Value£255m
Consideration TypeCash
Capital Owned13%
Capital Bid For87%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Friendly

Acquisition

Pending

Private

Online and Social Platforms

online platform

automotive information

United States

Domestic

Single Bidder

Synopsis

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CarMax, a retailer of used autos, agreed to acquire the remaining stake in Edmunds, an online guide for automotive information, for $354m. With this acquisition, CarMax and Edmunds accelerate their respective capabilities to deliver an enhanced digital experience to their customers by leveraging Edmunds’ compelling content and technology, CarMax’s unparalleled national scale and infrastructure, and the combined talent of both companies.

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