Dubizzle Group Acquires Drive Arabia
The value of the transaction was not disclosed.
UAE-based online classifieds platform Dubizzle Group has acquired the UAE-based automotive consumer portal in the GCC region, Drive Arabia. The value of the transaction was not disclosed.[1]
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Established in 2005 by J.C. Butler and Sim Whatley, Dubizzle is an online marketplace that facilitates people purchasing, trading, or locating goods within their local communities.
In order to better serve its clients, Dubizzle Group hopes to increase its reach, provide new products, and consolidate its automobile advertising solutions with this acquisition.
Established in November 2004, Drive Arabia offers online services for car buyers, catering to the automotive industry in Saudi Arabia, Oman, Qatar, Kuwait, Bahrain, and most notably, the UAE. It provides online buyer's guide for all new and used car models, featuring critical reviews, first looks at upcoming models, and the most recent auto news.
In May 2012, Drive Arabia’s mobile site launched online. Content has been available in both Arabic and English since December 2012.