Volkswagen overtakes Amazon as Rivian's largest shareholder with 15.9% stake after $1B software milestone payment

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https://thenextweb.com/news/volkswagen-rivian-top-shareholder-amazon-software

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Volkswagen overtakes Amazon as Rivian's largest shareholder with 15.9% stake after $1B software milestone payment

VW now holds 15.9% of Rivian after a $1B share purchase, displacing Amazon for the first time since the 2021 IPO. The investment buys software VW failed to build.