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15 January 2018

Big Deal: Auto1 accelerates with $565m

SoftBank Vision Fund has acquired a sizeable stake in automotive e-commerce platform Auto1, its first Germany-based investment.

Author: Robert Lavine, News Editor

SoftBank Vision Fund, the venture capital fund formed by telecommunications and internet group SoftBank, invested €460m ($565m) in Germany-based online used vehicle marketplace Auto1 Group today at a $3.56bn valuation.