Joseph Pisant and Tom Krisher: Amazon looks to self-driving future by acquiring Zoox

27/06/2020 - 10:37

NEW YORK -- Amazon said Friday that it is buying self-driving technology company Zoox, which is developing an autonomous vehicle for a ride-hailing service that people would request on their phones.

Seattle-based Amazon did not disclose how much it is paying for Zoox, which was founded six years ago in Foster City, California. Analysts pegged the purchase price at over $1 billion.