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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

Elon Musk suspends Tesla purchases with bitcoin

Elon Musk. Photo: Liesa Johannssen-Koppitz/Bloomberg via Getty Images

Consumers can no longer buy Tesla vehicles with bitcoin, CEO Elon Musk announced on Twitter Wednesday.

What he's saying: Musk cited the environmental concerns associated with bitcoin — the cryptocurrency has a massive carbon footprint — as his reasoning behind Wednesday's decision.

Bryan Walsh, author of Future
31 mins ago - Science

The cicadas are a preview of a buggy future

Illustration: Annelise Capossela/Axios

Trillions of Brood X cicadas are now emerging throughout parts of the mid-Atlantic and Midwestern U.S.

Why it matters: Most immediately, because they can be as loud as a Metallica show when they're singing in concert.

Scoop: Details from Dems $2 billion security proposal includes money for heirs of late House members

Rep. Raja Krishnamoorthi (D-Ill.) speaks Wednesday during a House Oversight and Reform Committee hearing about the Capitol attack. Photo: Jonathan Ernst-Pool/Getty Images

A $2 billion request to harden the Capitol includes $521 million to cover recent National Guard call-ups, as well as money to protect the White House, vice president's residence — and pay the heirs of some late House members, Axios has learned.

Why it matters: As one lawmaker said today, "It's a lot of money." But before today, House Speaker Nancy Pelosi and her leadership team have given little detail about the components resulting in the $2 billion price tag.