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The companies are merging as advertisers increasingly shift spending to connected TV and seek support in making sense of a fragmented digital media and marketing industry.
Thoma Bravo will pay $330 a share, a 67% premium on Stamps.com closing price of around $198 per share on July 8, the day before the merger was announced.
Clutch has been around since 2017, dubbing itself Canada’s first online car retailer. The company operates in Ontario, British Columbia, and Nova Scotia, and has about 1,000 cars in stock, according to its CEO.
These past 18 months have been hard on businesses and we’re lucky to work in the e-commerce ecosystem where we’ve experienced a huge growth both in buyers and sellers,” said Daniel Biran