Amazon acquires Ring’s home security business for $1 billion
By Abhimanyu Ghoshal
Amazon has acquired Ring, a Santa Monica, California-based maker of connected video doorbells and security cameras, for $1 billion. That will see the ecommerce giant push further into the home security business: it previously acquired Blink, which makes similar products. Plus, it already offers a Cloud Cam that’s designed for use inside your house, and to allow couriers into your home to drop off parcels as part of its Key program. GeekWire notes that while neither firm has shared details on the way forward, it’s expected that the Ring brand will continue to exist, as other Amazon-owned labels like Zappos…
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February 28, 2018 at 06:26AM
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