Amazon Acquires Ring for Approximately $1 Billion
February 27, 2018 Amazon, IoT, Ring No Comments
In what is one of the company’s biggest acquisitions ever, Amazon has come to an agreement with Ring to buy the Santa Monica, California based company for a reported $1 Billion. The terms of the deal were not disclosed but all indications are that Ring, much like other acquisitions Amazon has made, will at its core remain as a separate brand until the corporate umbrella.
Ring is best known for their connected cameras, doorbells and other home automation & security solutions. The acquisition, from Amazon’s perspective, fits well into their overall home automation strategy as well as integration with their assistant, Alexa.