Singapore Press Holdings said it has entered into a sale and purchase agreement to buy online car portal sgCarMart for up to $60 million.
The acquisition deal includes sgCarMart's online vehicle classifieds site, car auction platform, online marketing site as well as its service provider for car loans, insurance and settlement services.
SPH, which owns online car portal STCars, will pay for the acquisition wholly in cash.
Monday, April 1, 2013
SPH acquires sgCarMart
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