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May 3, 2011 03:53 pm GMT
TrueCar, which helps people research new and used car prices and find local dealer savings, has acquired automotive social media company Honk.com, dubbed the 'Facebook for car buyers' in the news release. Interestingly, Honk.com was co-founded by Tom Taira, who is also the co-founder and former president of ... TrueCar.News Corporation, an early investor in Honk.com, will retain an equity stake in TrueCar as part of the agreement. Financial details of the transaction were not disclosed.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/jCibrTlxyZE/
TrueCar Acquires News Corp-Backed Automotive Social Network Honk.com
TrueCar, which helps people research new and used car prices and find local dealer savings, has acquired automotive social media company Honk.com, dubbed the 'Facebook for car buyers' in the news release. Interestingly, Honk.com was co-founded by Tom Taira, who is also the co-founder and former president of ... TrueCar.News Corporation, an early investor in Honk.com, will retain an equity stake in TrueCar as part of the agreement. Financial details of the transaction were not disclosed.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/jCibrTlxyZE/
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