Wednesday, July 6, 2022
  • PRESS RELEASE
  • ADVERTISE
  • CONTACT
Happy With Car
No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS
Happy With Car
No Result
View All Result

Solera Holdings joins bidding war for Australia’s Infomedia with $443 mln bid, Auto News, ET Auto

by admin
June 20, 2022
in Technology
0 0
0
Share on FacebookShare on Twitter


Australian automotive software program agency Infomedia Ltd stated on Monday it obtained a A$638.8 million ($443.01 million) non-binding acquisition proposal from U.S.-based software program firm Solera Holdings LLC, after receiving two bids final month.

Solera, which offers threat administration software program and companies to the automotive trade, supplied to purchase Infomedia at A$1.70 per share in money, decrease than Battery Ventures’ A$1.75 per share supply and at par with TA Associates-led consortium’s bid.

Infomedia first obtained a takeover proposal by a consortium led by U.S. personal fairness agency TA Associates in Might, which was later topped by Battery Ventures’ A$657.6 million supply.

Infomedia has determined to have interaction additional with TA Consortium, Battery and Solera on their respective proposals and has decided to grant due diligence entry to all three events, the corporate stated in an announcement.

TA Associates and Battery Ventures didn’t instantly reply to a Reuters’ request for remark.

Observe and join with us on Twitter, Fb, Linkedin, Youtube





Source link

Tags: AustraliasAutobidBiddingHoldingsInfomediaJoinsmlnNewsSolerawar

Related Posts

Technology

German cartel office allows VW, Bosch to start automated driving cooperation, Auto News, ET Auto

July 4, 2022
Technology

Intel offers tech-based solutions to tackle road safety issues in India, Auto News, ET Auto

July 4, 2022
Technology

Intel partners with Centre to offers tech-based road safety solutions, Auto News, ET Auto

July 3, 2022
Technology

Tata Tech joins Foxconn-led consortium to develop sustainable mobility solutions, Auto News, ET Auto

July 2, 2022
Technology

BMW adopts Google’s Android Automotive OS for future vehicles, Auto News, ET Auto

July 2, 2022
Technology

FCC approves SpaceX’s Starlink internet for use on cars, boats & aircraft, Auto News, ET Auto

July 1, 2022
Load More
Next Post

Salman Ali Lifestyle 2021, Income, Biography, Girlfriend, House, Cars, Family & Net Worth

Top 20 fastest cities to charge your electric car – Automotive Blog

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Auto News (1,958)
  • Automative Reviews (841)
  • Car Brands (967)
  • Insurance (1,344)
  • Market (671)
  • New Cars (702)
  • Technology (608)
  • Videos (1,044)
Happy With Car

Find the latest automotive news. Read car news from the auto industry including auto shows, latest vehicles, future cars and more.

Categories

  • Auto News
  • Automative Reviews
  • Car Brands
  • Insurance
  • Market
  • New Cars
  • Technology
  • Videos

Recent News

  • GAC Space Concept Debuts As Hydrogen Van With All-Grille Face, Gullwing Door
  • Rimac ready to start US e-hypercar deliveries
  • 9 most beautiful cars at Goodwood Revival 2021
  • Home
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Copyright © 2020 Happy With Car

No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS

Copyright © 2020 Happy With Car

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In