Amazon buys video doorbell firm Ring for over $1bn
by Samuel Gibbs from Technology | The Guardian on (#3GZGV)
Smart doorbell maker is retailer's second largest acquisition as it pushes further into in-home deliveries and internet of things
Amazon has acquired video doorbell and home security camera maker Ring in a deal reportedly worth more than $1bn, as it pushes further into the internet of things and in-home-delivery space.
The deal values Ring, which makes and sells popular video doorbells in the US, UK and Europe, at between $1.2bn (86.4m) and $1.8bn, according to reports, making it Amazon's second largest acquisition after the $13.7bn deal last year for Whole Foods Market.
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