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Amazon to acquire self-driving startup in a $1 billion+ deal

Jul 01, 2020 at 09:51 AM CST
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Amazon is expected to announce a deal to buy self-driving technology startup Zoox for over $1 billion, according to a report by The Information. This does not come as a surprise, considering Amazon’s closed doors discussion with Zoox over the last month. With a current valuation expected to hover over the $1 billion mark, Zoox has had a considerable fall in fortunes from the $3.2 billion it was last valued at when it raised funding in 2018.