eBay Inc. to Acquire Caramel, Revolutionizing Online Automotive Transactions

eBay Inc. has announced the signing of a definitive agreement to acquire Caramel, an online automotive transaction solution provider. The acquisition aims to enhance safety and convenience for vehicle sales through a modern ecommerce experience. Caramel's platform streamlines the complexities of a vehicle sale, including paperwork, ownership transfer, financing, and transportation. The deal is expected to close in the first quarter of 2025, subject to customary conditions.

eBay Inc., founded in 1995 in San Jose, California, is a global commerce leader connecting millions of buyers and sellers in over 190 markets worldwide. The company facilitated over $73 billion of gross merchandise volume in 2023. The acquisition is expected to provide eBay buyers with a trusted platform for vehicle purchases, further simplifying buying and selling vehicles on eBay. 

The agreement is subject to customary conditions and is expected to close in the first quarter of 2025. eBay's acquisition of Caramel is anticipated to revolutionize the vehicle buying experience, with the aim of increasing peace-of-mind for both buyers and sellers.

The forward-looking statements in this document address the potential benefits of the acquisition, such as simplifying vehicle transactions, establishing Caramel across multiple platforms, and improving the car buying experience for US vehicle enthusiasts.

Discover more about eBay's aquisition here.