Brief: Cars.Com Acquires DealerClub

Cars.com

24/01/2025 12:31

Jan 24 (Reuters) - Cars.com Inc  CARS.N :
    * CARS.COM INC. ACQUIRES DEALERCLUB, EXPANDING TRADE &
APPRAISAL
PLATFORM CAPABILITIES WITH REPUTATION-BASED DEALER-TO-DEALER
DIGITAL WHOLESALE AUCTION
    * CARS.COM INC - DEAL VALUE $25 MILLION WITH UP TO $88
MILLION
PERFORMANCE-BASED
    * CARS.COM INC - TRANSACTION NOT EXPECTED TO BE ACCRETIVE TO
ADJUSTED EBITDA IN 2025
    * CARS.COM INC - TRANSACTION EXPECTED TO HAVE IMMATERIAL
REVENUE
IMPACT IN 2025

Source text:  ID:nPnb9kRwLa 
Further company coverage:  CARS.N 

 ((Reuters.Briefs@thomsonreuters.com;))