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

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. Half of the investment went into newly issued shares, Auto1 said in a statement, but it did not disclose the identity of the selling shareholders.…

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