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Photo by Matt McClain/Getty Images

Amazon has agreed to buy video doorbell startup Ring, Axios has learned.

No word yet on price, although a source calls this Amazon's second-largest acquisition of all time (behind Whole Foods). That would seemingly mean it's above $1.2 billion (the amount Amazon paid for Zappos), which is in line with earlier reports that Ring was fundraising at around a $1 billion valuation.

Why it matters: Not only is this another connected home play for Amazon, but it also could further its plans to enable delivery people to leave packages inside of buildings.

Sources also tell Axios that Amazon had earlier made a play for smart-lock company August (which instead was bought by Assa Abloy), while Walmart had discussed buying Ring.

  • Late last year, Amazon also purchased home security and video doorbell Blink, although that's a much smaller business.
  • Ring first came to prominence as a Shark Tank reject, but went on to raise hundreds of millions in venture funding from investors that included Amazon's Alexa Fund.

Update: We now have confirmation statements from both companies:

Amazon: Ring’s home security products and services have delighted customers since day one. We’re excited to work with this talented team and help them in their mission to keep homes safe and secure.

Ring: Ring is committed to our mission to reduce crime in neighborhoods by providing effective yet affordable home security tools to our Neighbors that make a positive impact on our homes, our communities, and the world. We’ll be able to achieve even more by partnering with an inventive, customer-centric company like Amazon. We look forward to being a part of the Amazon team as we work toward our vision for safer neighborhoods.

Go deeper

California to pay off unpaid rent accrued during COVID-19 pandemic

California Gov. Gavin Newsom. Photo: Jay L. Clendenin / Los Angeles Times via Getty Images

California will pay off the accumulated unpaid rent that has piled up during the COVID-19 pandemic, the AP reports.

Why it matters: The move would fulfill a promise to landlords to help them to break even, while giving renters relief, the AP writes.

U.S. announces destinations for 55 million more COVID vaccine doses

President Biden at a press conference on the final day of the G7 summit. Photo: Brendan Smialowski/AFP via Getty Images

The Biden administration on Monday announced a list of countries that will receive the remaining 55 million COVID-19 vaccine doses that the U.S. has pledged to allocate by the end of this month.

The state of play: The White House had previously named the recipients of the first 25 million of the 80 million doses that the U.S. has pledged to export, as it took its first step toward becoming a global vaccine supplier.