The Seattle-based online retailer is in talks to buy the autonomous-car startup, which is expected to fetch more than US$1 billion. (The Wall Street Journal, Bloomberg)
Skip to content
The Seattle-based online retailer is in talks to buy the autonomous-car startup, which is expected to fetch more than US$1 billion. (The Wall Street Journal, Bloomberg)
Talking point: Acquiring Zoox could destabilize package delivery, auto and ride-hailing companies. Amazon’s shipping costs, expected to rise to US$90 billion in the coming years, have been one of CEO Jeff Bezos’s abiding obsessions, with the company’s much-ballyhooed drone delivery failed to fully launch. Should it acquire Zoox, which specializes in driverless taxis, it would not only breathe life into the flagging startup; it would rival the autonomous efforts of the likes of Tesla, GM and Uber, among others.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Carney’s new deal for B.C. paves way for West Coast pipeline
Briefing
A $4.6B power project tied to a Meta-linked Alberta data centre gets the green light
Quebec launches $1B water infrastructure housing program
Radical Ventures backs TwelveLabs in US$100M Series B for video AI tools
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
