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

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

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[BENGALURU]  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, the Wall Street Journal reported on Tuesday.

The deal will value Zoox at less than the US$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.

REUTERS

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