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TrueCar to be acquired for $2.55/share in all-cash deal led by founder Scott Painter.
TrueCar has agreed to be acquired in an all-cash, go-private deal led by founder Scott Painter, who will return as CEO.
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.
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.
The acquisition is expected to close in late 2025 or early 2026.
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TrueCar será adquirida por $2.55 por acción en un acuerdo totalmente en efectivo liderado por el fundador Scott Painter.