- Amazon (AMZN +0.2%) confirms a deal to acquire Zoox in a bid to design autonomous ride-hailing vehicles from the ground up. The transaction was previously reported to be at north of $1.2B
- The company says Zoox CEO Aicha Evans and Zoox CTO Jesse Levinson will continue to lead the startup as a standalone business.
- "Zoox is working to imagine, invent, and design a world-class autonomous ride-hailing experience," says Amazon Worldwide Consumer CEO Jeff Wilke.
- The development will be closely watched by the EV universe, including at Alphabet's (NASDAQ:GOOGL) Waymo, General Motors' (NYSE:GM) Cruise, Tesla (NASDAQ:TSLA) and Uber (NYSE:UBER).
- Previously: Amazon to buy Zoox for over $1B (June 26)