Amazon In Advanced Talks To Buy Self-Driving-Car Tech Company Zoox

Amazon is in advanced talks to buy Zoox in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology. The Wall Street Journal reports: The companies are discussing a deal that would value Zoox at less than the $3.2 billion it achieved in a funding round in 2018, according to people familiar with the matter. An agreement may be weeks away, one of the people cautioned, and the discussions could still fall apart. Zoox, founded in 2014, has been working to develop the hardware and software needed to create electric-powered, robot taxis that would be summoned by smartphone app starting this year. A successful deal could give new life to a once-high-profile startup that has seen its fortunes dim as it struggled to raise money.Read more of this story at Slashdot.
Click here to read full news..