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June 26, 2020, 10:01 a.m. EDT

Amazon confirms deal to buy self-driving, ride-hailing vehicle maker Zoox

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By Tomi Kilgore

Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN -0.61% has confirmed reports that it is buying self-driving ride-hailing vehicles designer Zoox, although terms of the deal were not disclosed. Media reports had said the deal valued at over $1 billion. Amazon said Zoox Chief Executive Aicha Evans and co-Founder and Chief Technology Officer Jesse Levinson will continue to lead the company as a standalone business. "Zoox is working to imagine, invent, and design a world-class autonomous ride-hailing experience," said Jeff Wilke, CEO of Amazon's Worldwide Consumer business. Amazon's stock gained 0.3% in morning trading, while shares of ride-hailing company Uber Technologies Inc. /zigman2/quotes/211348248/composite UBER -1.91% fell 1.8% and Lyft Inc. /zigman2/quotes/208999293/composite LYFT +2.85% slipped 0.4%. The S&P 500 /zigman2/quotes/210599714/realtime SPX +0.27% was down 0.8%.

/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,148.16
-19.30 -0.61%
Volume: 3.17M
Aug. 10, 2020 4:00p
P/E Ratio
121.01
Dividend Yield
N/A
Market Cap
$1586.55 billion
Rev. per Employee
$359,671
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/zigman2/quotes/211348248/composite
US : U.S.: NYSE
$ 32.27
-0.63 -1.91%
Volume: 21.35M
Aug. 10, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$57.44 billion
Rev. per Employee
N/A
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/zigman2/quotes/208999293/composite
US : U.S.: Nasdaq
$ 31.05
+0.86 +2.85%
Volume: 11.74M
Aug. 10, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$9.26 billion
Rev. per Employee
$450,139
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/zigman2/quotes/210599714/realtime
US : S&P US
3,360.47
+9.19 +0.27%
Volume: 2.57B
Aug. 10, 2020 5:12p
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