Amazon buys smart doorbell firm Ring for $1 billion

Amazon has bought home security startup Ring for £700 million ($1 billion) in a move that could help the internet giant's delivery arm reach into people's homes. Ring's doorbells capture video that can be streamed on your smartphone and other devices, and allow you to chat remotely to those standing at your door. The security devices could work well with Amazon Key, a smart lock and camera system that lets delivery personnel put packages inside a home to avoid theft or, in the case of fresh food, spoiling. Amazon has bought home security startup Ring for £700 million ($1 billion) in a move that could help the internet giant's delivery arm reach into people's homes. 'We're excited to work with this talented team and help them in their mission to keep homes safe and secure,' an Amazon spokesperson said.