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Amazon is acquiring self-driving car startup Zoox in a deal estimated to be worth over $1 billion, The Information and The Financial Times are reporting. The deal would give Amazon control of the nearly 1,000-person startup that has been developing an electric self-driving vehicle. The deal could be announced as early as today. Rumors of the acquisition first emerged last month, when it was reported that Amazon would acquire Zoox for less than the $3.2 billion it was valued at back in July 2018.
The acquisition would be Amazon’s biggest investment yet in self-driving car technology, and one of its biggest purchases ever. However, at the moment it’s unclear what exactly Amazon plans to use the technology for. The Information notes that...
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