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Amazon buys smart doorbell maker Ring

Posted at 1:54 PM, Feb 28, 2018

Amazon acquired a smart doorbell company this week... Another tool for the retail giant to focus on home deliveries.

Amazon is buying smart doorbell maker "Ring"...

A deal that will allow the company to expand its home security and in-house delivery services.

Financial details of the move were not disclosed, but Reuters reported it could be worth more than $1 billion, making it one of the largest acquisitions in Amazon's history.

This isn't the first time Amazon has partnered with ring.

The e-commerce company previously invested in ring through its Alexa fund, which exclusively invests in companies that help scale its Alexa voice technology.