Amazon buys Rivian shares worth $200 million, raises stake to 22%

Amazon has purchased electric vehicle startup Rivian's shares worth roughly $200 million, TechCrunch reported citing a US SEC filing. Amazon bought the shares at Rivian's IPO price of $78 and the value of its purchase has already increased by $133 million as of Friday. Amazon now owns a 22% stake in Rivian, valued at nearly $20.6 billion, the report said.

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