Carvana acquires Adesa US auction business for $2.2B to jump-start used car sales

Carvana, the online used car marketplace, has agreed to buy Kar Global’s Adesa U.S. auction subsidiary for $2.2 billion in cash, an acquisition aimed at adding another revenue stream as well as a network of physical sites that could help bolster operations. Learn more about your ad choices. Visit podcastchoices.com/adchoices