Announced
Completed
Financials
Tags
Automobiles
Acquisition
Friendly
Completed
Minority
Automotive markets
Domestic
Single Bidder
United States
Public
Synopsis
AutoNation, a provider of personalized transportation services, agreed to acquire TrueCar, an automotive digital marketplace. Financial terms were not disclosed. "We believe that TrueCar, with its leading digital marketplace, is well positioned to enhance the digital car buying experience and provide personal transportation solutions that are easy, transparent, and Customer-centric. We also believe the investment will strengthen the relationship between our companies and provides an opportunity for closer commercial collaboration with TrueCar in the future," Mike Manley, AutoNation CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.