Mental health professionals believe the pandemic, and the measures taken to fight it, have resulted in a surge in children and adolescents experiencing symptoms. Depression, anxiety and suicidal thoughts, as well as disruptive behavior patterns, are on the rise. These challenges, in turn, are contributing to the learning loss that schools across the country have experienced.
Plano-based CarOffer sells majority stake in car trading platform for $140 million
The deal also gives rival CarGurus the right to buy the remaining 49% stake over the next three years.
Unlike traditional vehicle auctions, which require manual bidding and inspection, Plano-based CarOffer lets auto dealers create standing buy orders and provides instant offers to sellers. In the third quarter, CarOffer processed over $350 million in transactions.(ASSOCIATED PRESS)
Plano-based car trading platform CarOffer is selling a majority stake in the company to a bigger online automotive player for $140 million.
The cash and stock deal gives publicly traded CarGurus a 51% stake in the firm founded in 2019 by auto industry entrepreneur Bruce Thompson. CarGurus also can buy the remaining 49% over the next three years under terms of the deal.