Amazon 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, reported the Wall Street Journal.
The deal will value Zoox at less than the $3.2 billion (2.60 billion pounds) it achieved in a funding round in 2018, the Journal reported, citing people familiar with the matter.
An agreement may be weeks away and the discussions could still fall apart, the report added.
Amazon has stepped up its investment in the car sector, participating in a $530 million funding round early last year in self-driving car startup Aurora Innovation Inc.