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Mar 2018
Amazon’s acquisition of Ring points to smart home security focus
Amazon has agreed to purchase Ring, the Santa Monica-based video doorbell manufacturer, according to GeekWire. Neither company confirmed the final acquisition price, though Recode reports the e-commerce titan paid somewhere between $1.2 billion and $1.8 billion. That would make it Amazon’s second-largest acquisition ever, behind only its $14 billion deal for Whole Foods last summer. It’s still unknown when the companies expect to finalize the acquisition. The deal...
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