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Amazon has just taken its boldest step yet into self-driving vehicles, acquiring six-year-old start-up Zoox, the company announced Friday.
- Zoox was valued at over $3 billion in 2018, but has struggled with management turnover in its efforts to develop a self-driving car.
- The company hired Qatalyst Partners to help it find a buyer.
- The acquisition is notable for Amazon, which paid $13.7 billion for Whole Foods in 2017.