Online car platform Shift is in merger talks with Insurance Acquisition - LeadCloud News
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Online car platform Shift is in merger talks with Insurance Acquisition
29 June 2020

Online car platform Shift is in merger talks with Insurance Acquisition

The companies could announce a transaction within a month, said the people, who asked to not be identified because the matter isn’t public. Shift is aiming to be valued at more than $500 million in the deal, one of the people said.

Insurance Acquisition is also in talks to raise an additional $100 million from institutional investors as part of the deal, the people said. No final decision has been made and talks could fall through, they said.

Learn more here - https://www.dig-in.com/articles/online-car-platform-shift-is-in-merger-talks-with-insurance-acquisition

 

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