Exclusive: Amazon plans at least US$100 million to keep Zoox talent after US$1.3 billion deal
REUTERS: Amazon.com Inc plans to create at least US$100 million in stock awards to retain the 900-plus employees of Zoox, the self-driving car startup it offered to buy last month, and can walk away from the deal if large numbers of them turn down job offers from the technology giant.
Amazon had the option to lend Zoox US$30 million on signing the agreement in June, with the option for further loans before the deal closes.Attempts to wrest Zoox or its talent away from Amazon started before the two even reached a definitive agreement. FILE PHOTO: A vehicle belonging to California-based self-driving startup Zoox Inc is seen driving along a street in a handout photo supplied by Zoox. ZOOX/via REUTERS
The Amazon-Zoox deal documents describe two lists of"key employees." All on the first list must take Amazon jobs for the deal to close, and at least 19 from the second list must stay.
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