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flag TrueCar to be acquired for $2.55/share in all-cash deal led by founder Scott Painter.

flag TrueCar has agreed to be acquired in an all-cash, go-private deal led by founder Scott Painter, who will return as CEO. flag The $227 million transaction values the company at $2.55 per share, a 72% premium, and is supported by a syndicate of financial and strategic investors. flag The board unanimously approved the deal, which aims to strengthen TrueCar’s mission of transparency and trust in car buying through its network of 8,500 dealers. flag The acquisition is expected to close in late 2025 or early 2026.

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