Amazon to acquire Ring for estimated $1 billion; Sprint plans for 5G network in Los Angeles; and Amp.it to participate in Google Demo Day.
Amazon to Acquire Ring for Estimated $1 Billion
In a deal expected to be worth at least $1 billion, Amazon will acquire Ring, a startup that makes security cameras and doorbells operated through smartphones, the Business Journal reports. Ring was previously valued at $760 million by Pitchbook and had raised $209 million. The company will be kept as an independent business.
Sprint Plans for 5G Network in Los Angeles
Sprint announced the first six cities where it plans to roll out Massive Multiple Input Multiple Output antenna technology: Atlanta, Chicago, Dallas, Houston, Los Angeles and Washington D.C., The Verge reports. According to Sprint, its Massive MIMO cell sites will be capable of offering up to 10 times the capacity of current LTE systems and is a precursor to a 5G network.
Amp.it to Participate in Google Demo Day
Amp.it is one of 11 companies that will participate in Google Demo Day, Google announced on its website. Amp.it is a software that allows media companies to measure effectiveness of their content with their target audience, and use that data for future content releases. The Demo Day will give them an opportunity to secure funding.
