Amazon acquires smart doorbell maker for more than $1 billion

bizjournals Tuesday, 27 February 2018 ()
Amazon.com Inc. will acquire smart doorbell maker Ring in a deal reportedly valued at more than $1 billion. Ring is an outdoor home security company best known for making doorbells with cameras so customers can see who's at the door on their smartphone or tablet. GeekWire broke news of the deal and reported Amazon will allow Ring to operate independently, like Amazon has with other acquisitions such as Zappos and Audible. Reuters reported the deal is worth more than $1 billion. Ring has raised…
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Source: Bloomberg Technology - < > Embed
News video: Amazon to Buy Smart-Doorbell Maker Ring

▶ Amazon to Buy Smart-Doorbell Maker Ring 03:29

Feb.27 -- Bloomberg's Alex Barinka explains why Amazon is interested in buying Ring, a smart-doorbell maker. She speaks with Emily Chang on "Bloomberg Technology."

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Tweets about this

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Tyler Pelletier Amazon acquires Ring's smart doorbell business https://t.co/Z0Zb6eorXI via @engadget 3 minutes ago

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Camran Khan I know where @JeffBezos is taking his vision by acquiring Ring and it's a fantastic move to execute his vision.… https://t.co/LgTHsNyGMF 3 minutes ago

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Replicant RT @FortuneMagazine: Amazon acquires this video doorbell startup in latest bid to own the smart home https://t.co/IwULR0qTBe 6 minutes ago

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Márcio M. Silva Amazon acquires smart doorbell manufacturer Ring, HomeKit still on the way [u]... https://t.co/gy6Krtxa7l 8 minutes ago

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Startup Motivation RT @engadget: Amazon acquires Ring's smart doorbell business https://t.co/cop75ZIYf6 8 minutes ago

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xraytext #REtech M&A: Amazon acquires smart doorbell maker Ring, reportedly for over $1 billion https://t.co/WTV1l1muCD 8 minutes ago


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