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Business & FinanceTech

Reuters reveals Amazon’s plans to keep Zoox talent

Reuters exclusively reported that Amazon.com Inc plans to create at least $100 million in stock awards to retain the 900-plus employees of Zoox, the self-driving car startup it offered to buy last month, and can walk away from the deal if large numbers of them turn down job offers from the technology giant. Amazon, which is aggressively expanding into self-driving technology, will pay $1.3 billion in cash for the takeover, which the parties hope to close by September.

Article Tags
Topics of Interest: Business & FinanceTech
Type: Reuters Best
Sectors: Equities
Regions: North America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text