Cazoo Group Ltd (CZOO)
NYSE NYSE Primary 
Cazoo app and website to return after being bought by rival
Cazoo Group Ltd (NYSE:CZOO), the secondhand car site which fell into administration in May, is closing in on restoring its app and website after the brand was bought by a rival. Motors, the fellow secondhand care selling platform, said it purchased the brand and is planning on re-launching a new app and website for it.
Cazoo brand and marketplace close to sale, says report
Cazoo Group Ltd (NYSE:CZOO) brand and marketplace arm is on the verge of being sold to privately owned Motors.co.uk, according to reports over the weekend. The online car dealer and former SPAC crashed spectacularly into administration last month having been valued at more than US$8bn when it initially floated in the US.
Cazoo's downfall exposes shaky foundations of SPAC boom
British online used car retailer Cazoo Group Ltd (NYSE:CZOO) is on the verge of filing for administration less than three years after listing on the New York Stock Exchange, according to a Sky News report. Valued at nearly $8 billion in August 2021, Cazoo's shares have since collapsed over 99% and are now virtually worthless.
Cazoo's downfall exposes shaky foundations of SPAC boom
British online used car retailer Cazoo Group Ltd (NYSE:CZOO) is on the verge of filing for administration less than three years after listing on the New York Stock Exchange, according to a Sky News report. Valued at nearly $8 billion in August 2021, Cazoo's shares have since collapsed over 99% and are now virtually worthless.
