Post-acquisition, the DMGT-backed online vehicle marketplace's valuation will be nearly three times that of its last funding round five months ago.

Cazoo, the UK-based online automotive marketplace that counts media group Daily Mail and General Trust (DMGT) as an investor agreed a reverse merger with special purpose acquisition company Ajax I yesterday. The combined company will take on the New York Stock Exchange listing obtained by Ajax through its $750m initial public offering in October 2020.…

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