Amazon buys smart doorbell maker Ring for more than $1 billion

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Similar to Zappos and Twitch, Ring will retain its own branding.
Ring is a fairly big name in the smart home gadget space, and it's most well-known for its doorbells and security lights. One of its biggest competitors is the Google-owned Nest, and according to a report from Reuters, Ring's just been purchased by Amazon for over $1 billion.
ring-video-doorbell-outside.jpg

Similar to Amazon's acquisitions of Audible, Twitch, and Zappos, Ring will continue to operate as it currently does and retain its own branding while integrating Amazon tie-ins as the company sees fit.
Commenting on this, a Ring spokesperson said:

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