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Deal snapshot: RENREN ACQUIRES TRUCKER PATH SOCIAL NETWORKING PROVIDER.

MANews-(C)2009-2018

China-based Renren Inc. social networking service and Internet finance company Renren (NYSE: RENN) has agreed to acquire US-based social platform for the trucking industry Trucker Path Inc., the company said.

Trucker Path's core product is the Trucker Path app, a trip planning companion for truck drivers, enabling a large driver community to assist each other in updating the real-time status of relevant points-of-interest on their route. It helps truckers find truck stops, available parking spots, rest areas, scales, open DOT weigh stations, truck washes and more.

Country: USA

Sector: Road Transport/Freight Transport

Target: Trucker Path Inc

Buyer: Renren

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Agreed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Jan 3, 2018
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