Deals
Amazon Agrees to Buy Smart-Doorbell Startup Ring
- Acquisition extends retail giant’s reach into customer homes
- Ring makes doorbells, cameras that allow remote monitoring
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Amazon.com Inc. has agreed to buy connected-doorbell startup Ring Inc. for about $1 billion, a person familiar with the matter said.
The move helps Amazon expand further into the consumer market, including providing security for package deliveries. JPMorgan Chase & Co. advised Ring on the sale, said the person, who asked not to be identified because the matter is private.