Amazon Bought Ring for Market Position Despite Internal Concerns
- Emails released as part of Congressional hearing show debate
- Doorbell maker’s security lapses later came under scrutiny
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Amazon.com Inc. went ahead with its acquisition of video-doorbell maker Ring to grab market share in a promising area of consumer technology despite some security and compliance concerns about the startup, according to documents made public on Wednesday.
Four months before Amazon sealed the $839 million deal in April 2018, Chief Executive Officer Jeff Bezos had recommended buying the company.