Alg: TrueCar to sell auto insights subsidiary to research giant J.D. Power

TrueCar Inc. has struck a deal to sell subsidiary ALG Inc. to J.D. Power for $135 million. The transaction includes an upfront cash payment of $112.5 million at closing plus deferred payments of up to $22.5 million based on certain financial results. The deal is expected to close by the end of the year. Based in Santa Monica, California, TrueCar (NASDAQ: TRUE) is a digital market place for car buying. ALG offers data, analytics and insights on the automotive industry. J.D. Power, a Troy, Michigan-based...