Amazon.com Inc has agreed to pay over $1 billion to purchase self-driving startup Zoox Inc, the Info reported on Thursday, citing sources, in a transfer that will broaden the e-commerce big’s attain in autonomous-vehicle know-how. The report didn’t point out the precise buy value and added Amazon is unlikely to reveal it when the deal is introduced, prone to be on Friday.
A majority of Zoox buyers are getting their a refund, with some making a optimistic return, the report added. Lux Capital, DFJ and Atlassian co-founder Michael Cannon-Brooks are a few of the buyers. Amazon and Zoox didn’t instantly reply to a Reuters request for remark.
The Wall Road Journal reported final month that the businesses had been in superior talks and the deal might worth Zoox at lower than the $three.2 billion it achieved in a funding spherical in 2018. Amazon has stepped up its funding within the automotive sector, taking part in a $530 million funding spherical early final yr in self-driving automotive startup Aurora Innovation Inc.
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