Amazon.com Inc. may buy driverless car startup Zoox, accelerating its reach in autonomous-vehicle technology.
Amazon and Zoox are in advanced negotiations of a deal that would value the startup at less than the USD3.2 billion it was estimated to be worth in a funding round two years ago, the Journal reported, citing unnamed people with knowledge of the matter.
The take-over talks could yet break down, according to the Wall Street Journal report.
Based in Foster City near San Francisco, Zoox was founded in 2014 with a mission to build a “fleet of fully autonomous, battery electric, zero-emission vehicles that are purpose-built and optimized for ridesharing in cities.”
Zoox late last year targeted Las Vegas as a market for an “autonomous driving fleet and service” by vehicles that could be summoned using a smartphone app, according to its website.
