Amazon and Ring Close Acquisition
Now Working Together to Empower Neighbors with Affordable Ways to Monitor their Homes and Reduce
Crime
SEATTLE & SANTA MONICA, Calif.--(BUSINESS WIRE)--Apr 12, 2018--Amazon and Ring today announced that Amazon has completed its acquisition of Ring. The acquisition closed on April 11, 2018.
Ring is a home security company that offers a variety of products, including video doorbells, security cameras, and home security systems. Amazon is an e-commerce company that sells a wide range of products, including electronics, home goods, and clothing.
The acquisition of Ring is a strategic move for Amazon. Amazon has been expanding its home security offerings in recent years, and the acquisition of Ring will help Amazon to further expand its reach in this market. Ring has a strong brand and a loyal customer base, and Amazon is likely to be able to leverage these assets to grow its home security business.
The acquisition is also a good move for Ring. Ring will now have access to Amazon's vast resources, which will help Ring to grow its business. Amazon can also help Ring to improve its products and services, and to reach a wider audience.
The acquisition is expected to close in the second half of 2018. The transaction is subject to customary closing conditions.
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