Retailer celebrates by slashing prices on smart doorbells, while deal includes transfer of customer data to company

Amazon’s reported $1bn acquisition of video-doorbell maker Ring has closed, giving the company a significant lead over rival Google in the potentially lucrative home security market.

The deal, announced in February and closed today, means Amazon now owns a leader in DIY video security systems. Ring makes popular wireless doorbells with cameras and a range of home security cameras, recently launching a wireless home security system with keypads, contact sensors and motion detectors.

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Read More Ring: Amazon aids smart home push by closing video-doorbell firm deal

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