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New Deal


Announced

TrueCar to acquire Digital Motors.

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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Private

Single Bidder

online automotive platform

Auto Technology

Majority

Pending

Acquisition

Friendly

United States

Domestic

Synopsis

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TrueCar, a data-driven online platform operating on common technology infrastructure, powered by proprietary data and analytics, agreed to acquire Digital Motors, a developer of an online automotive sales platform. Financial terms were not disclosed. "We are excited to join TrueCar and help support the expansion of TrueCar+, making online car buying a delightful, empowering and efficient experience for all parties involved. Digital Motors' configurable and scalable online retailing engine, which can be adapted for a range of automotive use cases, will complement the transactional focus of TrueCar+," Andreas Hinrichs, Digital Motors CEO.

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