CarTrade Pulls Plug On CarDekho Acquisition

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SUMMARY

CarTrade did not mention the reason behind not going ahead with the acquisition, instead, said that the company will remain focussed on strengthening its existing portfolio of businesses

Earlier this month, reports surfaced that CarTrade was in advanced talks with CarDekho for a possible acquisition deal valued at over $1.2 Bn

Later, CarTrade confirmed to the exchanges that it was exploring a potential acquisition of CarDekho’s new and used automotive classifieds…



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CarTrade Pulls Plug On CarDekho Acquisition


SUMMARY

CarTrade did not mention the reason behind not going ahead with the acquisition, instead, said that the company will remain focussed on strengthening its existing portfolio of businesses

Earlier this month, reports surfaced that CarTrade was in advanced talks with CarDekho for a possible acquisition deal valued at over $1.2 Bn

Later, CarTrade confirmed to the exchanges that it was exploring a potential acquisition of CarDekho’s new and used automotive classifieds…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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