Tuesday, 26 May 2020

Amazon reportedly in advanced talks to buy self-driving startup Zoox


Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology, the Wall Street Journal reported on Tuesday.


The deal will value Zoox at less than the $3.2 billion it achieved in a funding round in 2018, the Journal reported, citing people familiar with the matter.


Amazon declined to comment, while Zoox did not immediately respond to a request for comment.

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