eBay (Nasdaq: EBAY), a San Jose, CA-based global commerce leader, acquired Caramel, a Los Angeles, CA-based end-to-end online automotive transaction solution provider.
eBay has signed a definitive agreement to acquire Caramel as of January 11, 2025. Closing is subject to satisfaction of customary conditions, and is expected to occur in the first quarter of 2025. The amount of the deal was not disclosed.
With the acquisition, eBay will expand its offerings. eBay Motors is the destination for enthusiasts looking to find a huge selection of auto parts and accessories, and this acquisition provides eBay buyers with a safe and trusted online platform to conduct vehicle purchases. The addition of Caramel will make buying and selling vehicles on eBay more simple than ever, regardless of which US state the vehicle and the buyer are located in.
Founded in 2021 and led by Edward Brojerdi, and Craig Nehamen, Caramel provides a technology platform that provides a secure and seamless digital transaction experience that handles all of the complexities of a vehicle sale, including paperwork, ownership transfer, financing, transportation and more, whether transacting on its site or app, through an independent dealer, or via its multiple marketplace and auction partners.
FinSMEs
13/01/2025