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.

Products You May Like

Articles You May Like

Slower inflation growth eases pressure on US Fed to hike interest rates
Ice Spice Shares Video for New Song “Munch (Feelin’ U)”
NASA’s Mars Reconnaissance Orbiter Spots “Ear” of the Red Planet
Riva launches 130’ Bellissima
Billie Eilish Decided To Rate Her Fashion Over The Years, And Her Thoughts Range From ‘No Regrets’ To ‘Embarrassing’

Leave a Reply

Your email address will not be published.