Lemonade to buy Metromile for $500mn as it seeks to speed auto build-out
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Lemonade to buy Metromile for $500mn as it seeks to speed auto build-out

Lemonade logo driving car.jpg

Lemonade has announced that it entered an agreement to acquire auto InsurTech Metromile, the company said Monday.

The acquisition will occur through an all-stock transaction, implying a diluted equity value of $500mn, or $200mn net of cash.

Under

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