Amazon to buy self-driving technology company Zoox
Publishing timestamp: 2020-06-26 13:24:26
Summary
Amazon acquires self-driving car start-up Zoox for undisclosed amount, marking a bold move into autonomous vehicles. Zoox will continue to operate as standalone business within Amazon, with current leadership team remaining in place. Deal is significant for Amazon, which has previously made acquisitions of less than $1 billion. Acquisition is likely to attract scrutiny from regulators and criticism from rivals.
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Keywords: technology, uber technologies inc, autos, tesla inc, social media, alphabet inc, jeff bezos, amazon.com inc, business news, venture capital, general motors co, breaking news: technology, business, ford motor co, start-up,
Source: https://www.cnbc.com/2020/06/26/amazon-buys-self-driving-technology-company-zoox.html