May 27, 2020
(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 https://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.)
from One America News Network https://ift.tt/3c3OPzl
Amazon in advanced talks to buy self-driving startup Zoox: WSJ
![Amazon in advanced talks to buy self-driving startup Zoox: WSJ]()
Reviewed by Riyad
on
May 26, 2020
Rating:
No comments: