Amazon.com Inc has agreed to pay over US$1 billion to buy self-driving startup Zoox Inc, the Information reported on Thursday, citing sources, in ...
Amazon.com Inc has agreed to pay over US$1 billion to buy self-driving startup Zoox Inc, the Information reported on Thursday, citing sources, in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology.Bookmark
REUTERS: Amazon.com Inc has agreed to pay over US$1 billion to buy self-driving startup Zoox Inc, the Information reported on Thursday, citing sources, in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology. The report https://bit.ly/3dwgauV did not mention the exact purchase price and added Amazon is unlikely to disclose it when the deal is announced, likely to be on Friday.A majority of Zoox investors are getting their money back, with some making a positive return, the report added. Lux Capital, DFJ and Atlassian co-founder Michael Cannon-Brooks are some of the investors.
Amazon has stepped up its investment in the car sector, participating in a US$530 million funding round early last year in self-driving car startup Aurora Innovation Inc.
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