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Amazon has purchased smart security company Ring for a reported $1 billion

Amazon has just purchased Ring, a company most famous for its smart doorbells. The cost? A reported $1 billion according to Reuters, making this one of Amazon's largest acquisitions in history. Ring will likely be kept as an independent business, though its products will likely see integration with Amazon's own.

Spokespersons from both Ring and Amazon have confirmed the deal. Ring was last valued at $760 million, having raised $209 million thus far, according to Pitchbook.

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Amazon has purchased smart security company Ring for a reported $1 billion was written by the awesome team at Android Police.

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