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Announced

Cars.com to acquire D2C Media for $101m.

Financials

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Transaction Value£83m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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digital services

Private

Pending

Friendly

Single Bidder

Majority

automotive technology

Digital Services

Canada

Acquisition

Cross Border

Synopsis

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Cars.com, an audience-driven technology company, agreed to acquire D2C Media, an automotive technology and digital solutions provider, for $101m. "The acquisition of D2C Media presents an exciting opportunity to expand Cars Commerce further across North America. With D2C Media's deep local relationships and established infrastructure, we will be able to tap into a new market with dozens of OEMs and thousands of retailers to fuel accelerated growth. I'm thrilled to welcome the D2C Media team, and, together, we look forward to creating tremendous value for Canadian retailers through our ongoing commitment to enabling local automotive retail and simplifying everything about buying and selling cars," Alex Vetter, Cars.com CEO.

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