the acquisition of self-driving startup Zoox on Friday, signaling its first big foray into the autonomous vehicle space.. Amazon declined to share the financial terms.announcing the deal, Amazon shared few details for how it plans to use Zoox's technology. Zoox's current leadership team, including CEO Aicha Evans and CTO Jesse Levinson, will continue to run the company as a standalone business, Amazon said.
Amazon's delivery network is likely the biggest beneficiary of this deal, according to Loup Ventures managing partner Andrew Murphy. It's no secret Amazon wants to automate more parts of its logistics operations, and Zoox's self-driving technology can help by ultimately eliminating the need for human drivers.
In a note published on Friday, RW Baird analyst Colin Sebastian wrote that the $1 billion price tag is a bargain for Amazon as Zoox's team could help save "many years of R&D" and "many billions of dollars" in logistics costs. But Tom Forte, an analyst at DA Davidson, said deals of this size could become the norm for Amazon going forward. Amazon is a much larger company today than it has ever been, with a market cap well over $1 trillion, and it only makes sense to do larger deals if it wants to the acquisition to make a meaningful impact on its business.RW Baird's Sebastian wrote in his report that it's worth noting Amazon's strong track-record with M&A.
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