The camera maker announced its takeover by Amazon with scant details in a Dec. 21 blog post. Amazon also sees opportunity in the security camera market as smart-home technology expands. The Blink security camera, which hit the market in 2016, did not require a power cable like many rival products, making it easier to place around users’ properties. Sources said the bid was competitive, and that compensation and incentives offered by Amazon pushed the deal’s value to about $90 million. Digital video chips “are one of the more expensive components” in a camera.

Source: The Express Tribune February 12, 2018 09:11 UTC