eBay (EBAY) announced that it has signed a definitive agreement to acquire Caramel, an end-to-end online automotive transaction solution provider. Caramel’s innovative technology platform 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 Caramel’s site or app, through an independent dealer, or via Caramel’s multiple marketplace and auction partners. eBay has signed a definitive agreement to acquire Caramel as of January 11. Closing is subject to satisfaction of customary conditions, and is expected to occur in the first quarter of 2025. Further details are not disclosed.
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