Announced
Completed
Financials
Sources
Tags
financial sercives
Completed
United States
Domestic
Single Bidder
Majority
Acquisition
Private
FinTech
Friendly
Synopsis
Cars.com, a automotive marketplace platform that provides a robust set of industry-specific digital solutions, completed the acquisition of CreditIQ, a cutting-edge automotive fintech platform that provides instant online loan screening and approvals to facilitate online car buying, for $80m. "The acquisition of this scalable technology supports our vision of creating frictionless omni-channel experiences and further growing our platform capabilities for buyers and sellers, building on our competitive advantage and delivering additional value to our shareholders." Alex Vetter, Cars.com President and CEO.
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