Amazon in advanced talks to buy self-driving startup Zoox: WSJ

Business

FILE PHOTO: Staff chat at the front desk of the Amazon office in the Manhattan borough of New York, New York, U.S., May 1, 2019. REUTERS/Carlo Allegri

(Reuters) – Amazon.com Inc (AMZN.O) 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.wsj.com/36wXJUV 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.

Reporting by C Nivedita in Bengaluru; Editing by Ramakrishnan M.

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