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WSJ: Amazon in Advanced Talks to Buy Self-Driving Start-up Zoox

Amazon.com Inc. is in advanced talks to buy self-driving start-up Zoox Inc, in a move that would expand the e-commerce giant’s reach in autonomous-vehicle technology, the Wall Street Journal reported on Tuesday.

The deal will value Zoox at less than the $3.2 billion it achieved in a funding round in 2018, the Journal reported, citing people familiar with the matter.

Aicha Evans, CEO of the self-driving technology development company Zoox, speaks during a keynote session at the Amazon Re:MARS conference on robotics and artificial intelligence in Las Vegas, Nevada on June 6, 2019. /AFP

An agreement may be weeks away and the discussions could still fall apart, the report added.

Amazon has stepped up its investment in the car sector, participating in a $530 million funding round early last year in self-driving car start-up Aurora Innovation Inc.

Both Amazon and Zoox declined a Reuters request for comment. 

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