Cars.com inc. acquires d2c media inc., expanding cars commerce platform into canada in accretive transaction

Chicago , nov. 2, 2023 /prnewswire/ -- cars.com inc. (nyse: cars) (d/b/a "cars commerce" or the "company"), an audience-driven technology company empowering the automotive industry, today announced the acquisition of d2c media inc. ("d2c"), a leading automotive technology and digital solutions provider in canada. the company paid cad $105 million in cash (usd $76 million) at closing, which was funded by a combination of cash on hand and borrowings under the company's existing revolving credit facility.
CARS Ratings Summary
CARS Quant Ranking