LOS ANGELES, California — According to muliple sources, Seattle based company Amazon is set to acquire Ring a Video Doorbell Security System. The deal, announced on Tuesday, gives Amazon a prominent home security company and, potentially, more tech firepower in its push to allow its delivery people to drop off packages inside buildings. The terms of the acquisition were undisclosed, although news site Axios reported that Amazon likely paid more than $1.2 billion.
In a statement, Ring said: “Ring is committed to our mission to reduce crime in neighborhoods by providing effective yet affordable home security tools to our Neighbors that make a positive impact on our homes, our communities, and the world. 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 neighborhoods.”
Nas’ business firm, Queensbridge Venture Partners, has been linked to Ring, as of one of the early investors.