Amazon Purchases Ring Flashcards
1
Q
Who did JP Morgan Advise?
A
JP Morgan advised Ring (Sell Side M&A Advisor)
2
Q
What was the transaction value?
A
$1 billion
3
Q
What does Ring do?
A
It manufactures video doorbells for homes that connect with a user’s cell phone to speak to and see people at their front door.
4
Q
What was the strategic rationale for the deal?
A
Amazon wants to add value to its core online shopping and delivery service, and Ring allows consumers to feel more comfortable with having packages delivered to their doors. It is a play towards consumer safety and building confidence in the consumer that these types of deliveries are okay.
