Fair Holdings to acquire TrueCar for $227m.

Fair Holdings, a holding company, agreed to acquire TrueCar, a company specializing in new and used cars for sale, for $227m. "Through this transaction, we are pleased to deliver compelling value to TrueCar stockholders. The Board unanimously approved this transaction after a thorough and careful evaluation of potential value creation opportunities, and we are confident it is in the best interest of TrueCar stockholders and other stakeholders," Barbara Carbone, TrueCar Chair of the Board of Directors.