The Wall Street Journal: Amazon buys smart-doorbell maker Ring in deal valued at more than $1 billion

Amazon.com Inc. acquired Ring, maker of video doorbells, in a deal valued at more than $1 billion, a person familiar with the transaction said, giving the online giant a bigger foothold in the burgeoning internet business of home security.

The acquisition, believed to be Amazon’s second biggest after its roughly $13.5 billion purchase of Whole Foods last year, is the latest in a string of moves that signal the company’s ambitions to enter a staggering variety of markets. From its start as an online bookseller in Chief Executive Jeff Bezos’s garage more than two decades ago, the company has expanded into delivering its own packages, building a dominant cloud computing services business and becoming a brick-and-mortar grocer overnight with its acquisition of Whole Foods.

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