Vroom to acquire auto lender United Auto Credit for $300 mln

Vroom

12/10/2021 11:07

Oct 12 (Reuters) - Vroom Inc  VRM.O  said on Tuesday it
would buy automotive lender United Auto Credit Corp for $300
million in cash, as the online used car retailer seeks to offer
financing options for its shoppers.
    Vroom also said United Auto will retain its brand name and
the deal is expected to close by the first quarter of 2022.

 (Reporting by Nathan Gomes in Bengaluru; editing by Uttaresh.V)
 ((Nathan.Gomes@thomsonreuters.com;))