Autoweb announces definitive agreement to be acquired by one planet group

Tampa, fla., july 25, 2022 (globe newswire) -- autoweb, inc. (nasdaq: auto) (“autoweb” or the “company”), an automotive matchmaking platform connecting in-market car shoppers to their preferred vehicle transactions, announced that it has entered into a definitive merger agreement to be acquired by a subsidiary (the “purchaser”) of one planet group, llc (“one planet group”), under which the purchaser will pay a cash purchase price of $0.39 per share of autoweb. payam zamani, one planet group's ceo, will assume the role of president and ceo of autoweb, inc., and jared rowe will transition out of the business.
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