Amazon buys smart doorbell company Ring for more than $1bn

By James Henderson
Amazon has bought smart doorbell start-up Ring for more than $1bn, according to a report from Reuters. The apparent sale will further fuel speculation...

Amazon has bought smart doorbell start-up Ring for more than $1bn, according to a report from Reuters.

The apparent sale will further fuel speculation that the ecommerce giant is looking to develop its own in-house delivery network.

The Ring Video Doorbell lets people answer the door from anywhere with their smartphone or tablet.

In an email statement to CNBC, Ring's spokesperson confirmed the deal, saying: "We'll be able to achieve even more by partnering with an inventive, customer-centric company like Amazon.

SEE ALSO:

“We look forward to being a part of the Amazon team as we work toward our vision for safer neighbourhoods."

Amazon's spokesperson also confirmed the deal, saying: “Ring's home security products and services have delighted customers since day one. We're excited to work with this talented team.”

A report by Geekwire revealed that “Amazon is expected to treat the Ring deal similar to past acquisitions such as Zappos, Twitch and Audible, pursuing product and feature integrations where appropriate but maintaining the Ring brand and largely allowing the company to continue operating as it has in the past.”

Share

Featured Articles

Logistics global air, sea, road and rail news round-up

Freight forwarders fear inflation most – DP World survey; DB Schenker in corporate rejig; Etihad Cargo & DSV Logistics in green-fuel first

Supply chain problems 'have changed supplier relations'

As CEO of Supply Chain at Genpact, Michael Ciatto delivers business transformation and operational excellence for 200 companies annually

Procurement talent 'must be retained not acquired'

Staff augmentation is a solution for onboarding new workers with the specific set of skills a company needs but these workers are outsourced, which is do

LinkedIn reacts to AWS Supply Chain: too narrow in scope?

Technology

S&OP planning in a state of flux, say EY & KPMG

Supply Chain Risk Management

Conference Board maverick driving sustainability change

Sustainability