Amazon is buying NEW smart doorbell maker Ring

Amazon is buying smart doorbell maker  Ring

         With Nest’s first smart video doorbell right around  THE CORNER, Amazon is busy buying up the competition.

After acquiring Blink JUST few months ago, Amazon is now acquiring Ring, makers of the self-titled Ring doorbell (plus a bunch of other security gear, like solar security cameras, floodlight cams and an in-home alarm system).

GeekWire brock  the  rumer this afternoon, and we’ve just received independent confirmation.

Details on the deal are still pretty light; the financial terms of the deal, for example, haven’t trickled out just yet. Update:

Reuters is reporting, via  tweet, that the sale price was more than $1 billion. The company had raised around $209 million to date, according  to crunchbase

Ring is a home security company owned by "Amazon" Ring manufactures a range of home security products that incorporate outdoor motion based cameras and doorbells, such as the Ring Video Doorbell, that was featured on abc’s shark tank in 2013.

(Fun bit of trivia: Ring debuted to the world on Shark Tank back in 2013, then known as “DoorBot.” They wanted $700,000 for 10 percent of the company, but no one took the deal.)

who on earth is responsible for more doorbell presses than Amazon?

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