Carvana acquires KAR Global's U.S. physical auction business

May 10, 2022 7:27 AM EDT

(Reuters) - Online used-car seller Carvana Co said on Tuesday that it acquired Carmel-based KAR Global's U.S. physical auto auction business, ADESA, for $2.2 billion.

(This story corrects to say "acquires", not "to acquire", in headline, paragraph 1)

(Reporting by Nathan Gomes in Bengaluru; Editing by Krishna Chandra Eluri)



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