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GTCR and Elliott agree to acquire and take private CCC, a Nasdaq-listed car insurance software provider, for $4.6B; the deal values CCC at $6.1B including debt (Bloomberg)

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In short

The acquisition of CCC, a Nasdaq-listed car insurance software provider, is valued at $6.1 billion, including $4.6 billion from Google and Elliott Management, marking a significant investment in the automotive technology sector.

Key points

  • The deal is valued at $6.1 billion, including $4.6 billion from Google and Elliott Manage…: The deal is valued at $6.1 billion, including $4.6 billion from Google and Elliott Management.
  • The acquisition is expected to close in the fourth quarter of 2023.: The acquisition is expected to close in the fourth quarter of 2023.

Sources checked by our analysis pipeline: 1

Steven Zeitchik / The Hollywood Reporter: |

Google: |

Chase DiBenedetto / Mashable: |

Bloomberg: |

Bloomberg: |

Joanna Stern / The New Things: |

Bloomberg: |

Jean Eaglesham / Wall Street Journal: |

Walter Schulze / Startup Fortune: |

Zack Abrams / The Block: |

Saritha Rai / Bloomberg: |

Preeti Singh / Bloomberg: |

Terrence O'Brien / The Verge: |

Nilay Patel / The Verge: |

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Rafe Rosner-Uddin / Financial Times: |

Anthropic: |

Marcus Mendes / 9to5Mac: |

Andrew E. Freedman / Tom's Hardware: |

Prathik Jayaprakash / Reuters: |

Original source: www.techmeme.com

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