Tuesday, Amazon agreed to buy Ring, a company that makes smart doorbells, according to representatives of both companies.
"Ring's home security products and services have delighted customers since day one. We're excited to work with this talented team," an Amazon spokesperson told CNBC Tuesday. While the official deal hasn't yet been announced, it could cost Amazon over $1 billion, according to Reuters.
Tuesday, Amazon agreed to buy Ring, a company that makes smart doorbells, according to representatives of both companies.
"Ring's home security products and services have delighted customers since day one. We're excited to work with this talented team," an Amazon spokesperson told CNBC Tuesday. While the official deal hasn't yet been announced, it could cost Amazon over $1 billion, according to Reuters.
Amazon buys digital doorbell maker Ring Amazon buys digital doorbell maker Ring
For Ring's CEO and founder Jamie Siminoff, achieving such success wasn't easy. In fact, there was a time when he couldn't even get an investment on ABC's "Shark Tank," and thought his company might go broke.
