Amazon has agreed to purchase video doorbell manufacturer Ring for $1 billion, according to Reuters, leading some to believe the online retail giant is poised to enter home security, if not also more easily enter homes to deliver packages.
Amazon, which bought Whole Foods for $13.7 billion last year, invested venture capital to the Santa Monica, calif.-based Ring several years ago, and Ring already integrates with Amazon’s Echo Show, which allows homeowners to see who is at their front door. This $1 billion acquisition makes Ring one of Amazon’s largest purchases.
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