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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 -2.23% 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 -5.19% fell 1.8% and Lyft Inc. /zigman2/quotes/208999293/composite LYFT -3.95% slipped 0.4%. The S&P 500 /zigman2/quotes/210599714/realtime SPX -2.14% was down 0.8%.

/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,151.94
-71.97 -2.23%
Volume: 4.94M
May 12, 2021 4:00p
P/E Ratio
59.98
Dividend Yield
N/A
Market Cap
$1625.89 billion
Rev. per Employee
$297,430
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/zigman2/quotes/211348248/composite
US : U.S.: NYSE
$ 43.81
-2.40 -5.19%
Volume: 32.12M
May 12, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$86.49 billion
Rev. per Employee
$488,553
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/zigman2/quotes/208999293/composite
US : U.S.: Nasdaq
$ 46.89
-1.93 -3.95%
Volume: 10.44M
May 12, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$16.08 billion
Rev. per Employee
$505,814
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/zigman2/quotes/210599714/realtime
US : S&P US
4,063.04
-89.06 -2.14%
Volume: 2.40B
May 12, 2021 5:03p
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