Cars.com Inc., an audience-driven technology company empowering the automotive industry, acquired D2C Media Inc., a leading automotive technology and digital solutions provider for C$140 million.
Cars.com Inc. paid C$105 million in cash at closing plus the potential of additional performance-based consideration of up to C$35 million based on achievement of certain financial thresholds.
This acquisition will help expand Cars.com’s geographic footprint across North America, support the acceleration of its growth trajectory and create significant cross-selling opportunities through rapid expansion of its Canadian dealer base.
A multijurisdictional and multidisciplinary Fasken team from the offices of Toronto and Montreal composed of Jack Yu, Guillaume Saliah, Andrew A. Alleyne, Dalia Tullio, Luigi Pasqualitto (student), Jonathan Duforest (student), Armand Benitah, Paul Burbank, Mitchell L. Thaw, Katerina Ignatova, Rhonda Grintuch, Florence Gauthier, Iara Griffith, Xavier Plamondon and Lucas Cesaratto Desrosiers advised Cars.com Inc. in connection with this acquisition.
Jurisdictions
- Ontario
- Québec
