KUALA LUMPUR: Online used car platform, Carro today announced that it is making a strategic investment into Driven Communications Sdn Bhd which holds a portfolio of websites including automotive review and news vertical content, paultan.org for an undisclosed amount.
As part of the investment, Driven Communications' co-chief executive officer Paul Tan and Harvinder Singh will continue to helm the business. The board of directors will remain unchanged and employees are assured continued employment.
According to Carro, Driven Communications will also continue to have complete autonomy over its editorial direction and decisions.
The investment is expected to be completed within 2 months.
