Source: TechCrunch
Summary
Carvana was granted a warrant to buy shares in Slate last year, according to documents obtained by TechCrunch. The move is notable due to Guggenheim Partners CEO Mark Walter’s significant investments in both companies. The exact details and implications of the warrant are not specified in the report.
Our Reading
The launch follows a familiar script.
Carvana gets a warrant to buy Slate shares, because synergy. Guggenheim Partners CEO Mark Walter is all in on both companies. This is either a bold move or a clever way to consolidate interests. Either way, it’s a reminder that the lines between companies can get blurry. Carvana and Slate: because one company wasn’t enough.
Author: Evan Null
