New story in Business from Time: Amazon Is Expanding Into Home Security by Acquiring Video Doorbell Startup Ring
Amazon.com has agreed to buy connected-doorbell startup Ring for about $1 billion, a person familiar with the matter said. The move helps Amazon expand further into the consumer market, including providing security for package deliveries. J.P. Morgan Chase & Co. advised Ring on the sale, said the person, who asked not to be identified because …