Amazon in advanced talks to buy self-driving startup Zoox
(Reuters) - Amazon.com Inc <AMZN.O> is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology, the Wall Street Journal reported on Tuesday.
The deal will value Zoox at less than the $3.2 billion it achieved in a funding round in 2018, the Journal reported, citing people familiar with the matter.
An agreement may be weeks away and the discussions could still fall apart, the report added.
Amazon has stepped up its investment in the car sector, participating in a $530 million funding round early last year in self-driving car startup Aurora Innovation Inc.
Both Amazon and Zoox declined a Reuters request for comment.
Alibaba Cloud Enters Europe
The importance of the UK market for the Alibaba Cloud was pivotal in the decision to build these data centers in London. It was one of the fastest growing European markets for the business with clients across key sectors. The services to be rolled out from these data centers includes elastic computing, which will help to mitigate times of heavy usage within the network, as well as application services, big data analytics, and storage - alongside others.