https://cna-sg-res.cloudinary.com/image/upload/q_auto,f_auto/image/12773294/16x9/991/557/f6591e5bd0b508bfab961128a8649eec/xr/amazon-office-front-desk-pictured-in-manhattan--new-york-1.jpg — FILE PHOTO: Staff chat at the front desk of the Amazon office in the Manhattan borough of New York, New York, U.S., May 1, 2019. REUTERS/Carlo Allegri

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

27 May 2020, 08:55

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 https://on.wsj.com/36wXJUV on Tuesday.

REUTERS: 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 https://on.wsj.com/36wXJUV 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.

(Reporting by C Nivedita in Bengaluru; Editing by Ramakrishnan M.)