Amazon in advanced talks to buy Zoox - WSJ
May 26, 2020 10:21 PM ETAmazon.com, Inc. (AMZN)By: Carl Surran, SA News Editor22 Comments
- Amazon (NASDAQ:AMZN) is in advanced talks to acquire Zoox Inc. in a move that would expand the company's reach in autonomous vehicle technology, WSJreports.
- The companies are discussing a deal that would value Zoox at less than the $3.2B it achieved in a funding round in 2018, according to the report.
- Zoox has been working to develop the hardware and software needed to create electric powered robot taxis that would be summoned by a smartphone app starting this year.
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