Amazon has agreed to pay upwards of $1.2bn for the smart doorbell maker, which counts the corporate's Alexa Fund among its investors.
E-commerce firm Amazon agreed yesterday to acquire US-based smart security technology provider and portfolio company Ring, paying more than $1bn, a source familiar with the matter told Reuters.
Mobile semiconductor technology producer Qualcomm, property developer JF Shea and insurance firm American Family will also exit the company through the deal.
Multiple sources told Axios the acquisition was Amazon’s second largest ever, which would place its size above the $1.2bn it paid for online shoe seller Zappos but below the $13.7bn…
