Amazon to acquire video doorbell maker Ring
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Amazon to acquire video doorbell maker Ring
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Re: Amazon to acquire video doorbell maker Ring
#2More details from Axios -
"..although a source calls this Amazon's second-largest acquisition of all time (behind Whole Foods). That would seemingly mean it's above $1.2 billion (the amount Amazon paid for Zappos), which is in line with earlier reports that Ring was fundraising at around a $1 billion valuation."
https://www.axios.com/amazon-buying-video-doorbell-company-r...
Re: Amazon to acquire video doorbell maker Ring
#3Didn't they just buy another remote video camera company?
Or was that Google? It's so hard to keep track of all the new toys that big tech companies keep buying. Either way, talk about a full-court press on getting devices into your home.
Re: Amazon to acquire video doorbell maker Ring
#4Didn't they just buy another remote video camera company? Or was that Google? It's so hard to keep track of all the new toys that big tech companies keep buying. Either way, talk about a full-court press on getting devices into your home.
They acquired Ring's competitor Blink In Dec 2017. https://techcrunch.com/2017/12/22/amazon-acquires-connected-...
Yes, it is indeed very confusing :-)
Re: Amazon to acquire video doorbell maker Ring
#5Didn't they just buy another remote video camera company? Or was that Google? It's so hard to keep track of all the new toys that big tech companies keep buying. Either way, talk about a full-court press on getting devices into your home.
Perhaps it was about purchasing the copyrights and patents Ring controls, or purchasing the company most likely to cause problems for Amazon when Amazon rolls out more of their ridiculous home invasion plan marketed as an inside-the-home delivery service. This is the service apparently everyone has been perfectly fine to do without since Amazon began doing business.
Re: Amazon to acquire video doorbell maker Ring
#6Amazon and Google -- and Facebook and a handful of others -- seem to be in a never-ending race to learn everything about everyone everywhere: who you are, where you are, what you do, when you do it, and why do do it.
Having cameras and microphones in your house and your neighborhood is a small part of that.
Re: Amazon to acquire video doorbell maker Ring
#7Amazon and Google -- and Facebook and a handful of others -- seem to be in a never-ending race to learn everything about everyone everywhere: who you are, where you are, what you do, when you do it, and why do do it. Having cameras and microphones in your house and your neighborhood is a small part of that.
Also, how much they can buy your company for.
Re: Amazon to acquire video doorbell maker Ring
#8I'm surprised this isn't at the top of the frontpage. This is big vindication of all hardware startups. Will VCs go big in this category after this series of exits?
Re: Amazon to acquire video doorbell maker Ring
#9Makes sense, as Amazon gets further into delivery this provides a complimentary service to help keep packages secure and let customers see who shows up at the door. It would be interesting if someday you could also let a courier in remotely.
Re: Amazon to acquire video doorbell maker Ring
#10Ring was on the TV Show Shark Tank, and all the sharks passed on the deal. It was $700K for 10% of the company.
And now it sold for more than 1 billion $.