Amazon has agreed to buy video doorbell startup Ring, Axios has learned.
No word yet on price, although a source calls this Amazon’s second-largest acquisition of all time (behind Whole Foods). That would seemingly mean it’s above $1.2 billion (the amount Amazon paid for Zappos), which is in line with earlier reports that Ring was fundraising at around a $1 billion valuation.
Why it matters: Not only is this another connected home play for Amazon, but it also could further its plans to enable delivery people to leave packages inside of buildings.Show less
Link to the rest at Axios