Schibsted to acquire a 79% stake in AutoVex.

Schibsted, a family of digital brands across media, online marketplaces, and technology ventures, agreed to acquire a 79% stake in AutoVex, a used car C2B auction marketplace in Finland. Financial terms were not disclosed. “AutoVex’s mission is to create the most effective way to buy and sell used cars online, whilst providing the best possible user experience for both consumers and car dealers. Schibsted and AutoVex share a vision for next generation marketplaces and by combining forces, we’re able to further accelerate our growth and competitiveness in Finland. The entire AutoVex team is delighted to join Schibsted and is looking forward to working and learning together as we build the future of online car commerce," Sebastian Frick, AutoVex Founder.