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Amazon buys maker of smart home products
The purchase propels the e-commerce firm deeper into the home security market
Published Wed, Feb 28, 2018 · 09:50 PM
New York
AMAZON said Tuesday that it had acquired Ring, a maker of Internet-connected doorbells and cameras, pushing more deeply into the home security market.
The deal is worth around US$1.1 billion, according to a person briefed on the deal who would speak only anonymously because the terms were private.
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