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RumbleOn Reaches Deal for RideNow Powersports Chain

RumbleOn Inc., an e-commerce platform for new and used motorcycles, has agreed to acquire motor-sports dealership chain RideNow Powersports, according to people with knowledge of the matter.

The combined entity would have an enterprise value of about $850 million in the transaction, which could be announced as soon as next week, said one of the people, who asked not to be identified because the information was private.