Deals
SoftBank's Vision Fund Is Said to Invest in Auto1 Group
- Funding would value used car portal at more than $2.9 billion
- Investment would be Softbank’s first major deal in Germany
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SoftBank Group Corp.’s Vision Fund is in talks with Auto1 Group GmbH to invest in the German used-car portal, according to a person familiar with the matter.
The Vision Fund is set to invest more than 100 million euros ($116 million) in Berlin-based Auto1 at a valuation greater than 2.5 billion euros, said the person, who declined to be named as the discussions are private. No final decision has been made, the person said.