Deal snapshot: RENREN ACQUIRES TRUCKER PATH SOCIAL NETWORKING PROVIDER.
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.
Sector: Road Transport/Freight Transport
Target: Trucker Path Inc
Deal size in USD:
Type: Corporate Acquisition
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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