TrueCar to Go Private in $227 Million Takeover Led by Founder Scott Painter

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Closing Timeline and Legal Counsel

The deal is expected to close by early 2026, pending regulatory approvals, shareholder consent, and standard closing conditions.

TrueCar’s advisors include Alston & Bird partners Justin Howard, Rebecca Valentino, and Brittany Raway. Legal counsel for Fair Holdings at Perkins Coie LLP has not yet been disclosed.

Once finalized, the TrueCar $227M Deal will not only take the company private but also reunite it with the visionary who started it all, signaling a new era for the digital car marketplace—one driven by data, fairness, and the pursuit of automotive transparency.

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