Tuesday, December 26, 2017

Report: Fair.com Acquires Uber's Auto Leasing Business

Santa Monica-based car startup Fair.com is acquiring the auto leasing business of Uber, according to a report from the WSJ today. Financial terms of the acquisition were not announced. Fair operates an auto car shopping/financing service, which is led by longtime industry veteran Scott Painter (formerly of TrueCar). As part of the deal, Uber is reportedly taking a stake in Fair.

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