Amazon to Acquire Self-Driving Startup Zoox

Amazon.com Inc. has reached an agreement to acquire autonomous-car developer Zoox, the two companies said Friday. The Wall Street Journal reported in May that the Seattle-based e-commerce giant was in advanced talks to buy Zoox, at a price lower than the $3.2 billion valuation Zoox had achieved in a previous fundraising round. Zoox was founded in 2014 and grew quickly amid expanding interest in autonomous vehicles and ride hailing but has more recently struggled to raise funding.