Amazon in Talks to Acquire Self-Driving Car Startup Zoox

Amazon.com (NASDAQ: AMZN) is reportedly in advanced discussions to acquire self-driving car start-up Zoox, though neither company has confirmed the talks. The autonomous driving system designer was valued at $3.2 billion in 2018, but the purchase price is likely lower due to fallout from the pandemic, according a report from The Wall Street Journal.

Zoox "has been receiving interest in a strategic transaction from multiple parties and has been working with Qatalyst Partners to evaluate such interest," a Zoox spokesperson said in a statement.

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Source Fool.com