SAN FRANCISCO: Amazon confirmed Tuesday that it bought video doorbell startup Ring , in a move that could help the internet giant's delivery arm reach into people's homes.Financial terms of the acquisition were not disclosed, but online reports valued the deal at more than a billion dollars. "We look forward to being a part of the Amazon team as we work toward our vision for safer neighborhoods. "Ring home security products include internet-linked video doorbells that can connect to smartphones to show people who is at their doors and allow them to chat.Amazon late last year unveiled a smart lock and camera combination in a move into home security. " Amazon Key " is available exclusively to members of the internet giant's Prime subscription service in an array of US cities. Key is designed to provide a secure and trackable way for packages to be delivered inside homes when people aren't there.Each Key kit includes an Amazon Cloud Cam synched to the internet and a smart door lock.

Source: Economic Times February 28, 2018 04:52 UTC