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News, Analysis & Perspective on Autonomous Vehicles

Amazon can benefit from its Zoox acquisition better than anyone else

Amazon (NASDAQ:AMZN) has announced it’s agreed to acquire Zoox, a company building autonomous vehicles from the ground up with a robotaxi service in mind. While neither company disclosed terms of the deal, the price is expected to be more than $1 billion, but less than the $3.2 billion valuation of Zoox’s last round of funding in 2018. And Amazon will have to invest a lot more into the money-losing business as it builds and tests its technology, products, and services.

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