Amazon has made an estimated BILLION DOLLAR acquisition to purchase home security and digital doorbell company RING; the successful smart home security company confirmed the deal this week tell USA CNBC news that “We’ll be able to achieve even more by partnering with an inventive, customer-centric company like Amazon. We look forward to being a part of the Amazon team as we work toward our vision for safer neighbourhoods."
It is expected that Amazon will keep RING as an independent company as it has done so previously with Game streaming company witch and shoe company Zappos. Amazon has previously worked closely with RING and has now purchased the company with part of its Alexa fund. The market has reacted quickly to this news with stocks for company alarm.com dropping immediately and Amazon stocks up by a further 2%.
It is not the first nor as we predict the last smart home company acquisition by Amazon. With smart security company blink being bought out by Amazon last year, and reports of Amazon making offers for startup smart lock company August Homes. acquisitions like this show amazons dedication to being a smart home central company,