- May 1, 2005
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Some BIG news out of the Cars.com camp this morning..
CARY, N.C. -
Through a massive acquisition announced Tuesday, Cars.com will be entering the digital remarketing and wholesale vehicle acquisition space, as well as the consumer peer-to-peer market.
Cars.com has agreed to buy the Accu-Trade group that incudes Accu-Trade, Galves Market Data and MADE Logistics for $65 million cash.
The purchase would also include potentially more cash and stock consideration based on financial thresholds. The company expects the deal to close in roughly 30 days.
Among other perks, the purchase gives CARS the technology needed to facilitate digital wholesale transactions on its platform.
...Continue reading
CARY, N.C. -
Through a massive acquisition announced Tuesday, Cars.com will be entering the digital remarketing and wholesale vehicle acquisition space, as well as the consumer peer-to-peer market.
Cars.com has agreed to buy the Accu-Trade group that incudes Accu-Trade, Galves Market Data and MADE Logistics for $65 million cash.
The purchase would also include potentially more cash and stock consideration based on financial thresholds. The company expects the deal to close in roughly 30 days.
Among other perks, the purchase gives CARS the technology needed to facilitate digital wholesale transactions on its platform.
...Continue reading
