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Amazon agrees to acquire Zoox
Amazon agreed to acquire Zoox, a self-driving startup founded in 2014, for approximately $1.2 billion. Zoox had been valued above $3 billion in 2018 but faced management challenges and engaged investment bankers to explore a sale. The deal gave Amazon a direct role in robotaxi development.
- Deal announced June 26, 2020; acquisition price approximately $1.2 billion.
- Zoox founded in 2014 with a zero-emissions, purpose-built autonomous vehicle vision.
- Company faced financial pressure and leadership turnover before sale.
- Zoox operates as an independent Amazon subsidiary under CEO Aicha Evans and CTO Jesse Levinson.