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  • Amazon Prepares to Purchase Self-Driving Car Developer Zoox

    Amazon Prepares to Purchase Self-Driving Car Developer Zoox

    According to the Wall Street Journal, Amazon is currently in late-stage talks to buy the self-driving car company Zoox. It is not yet clear how much Amazon will pay to acquire the company, but it will reportedly be less than the $3.2 billion in funding that the start-up received in 2018. This new deal would be one among Amazon's many investments in self-driving car companies, including its 2019 funding contribution to Aurora Innovations Inc; it is commonly speculated that Amazon seeks to use self-driving technology to further improve its already world-class shipping standards. However, the Wall Street Journal affirms that Zoox's acquisition has not yet been finalized and the deal may still fall through

    Source: Reuters


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