Did Amazon Buy Blink?
The question of whether or not Amazon bought Blink has been a popular topic of discussion for some time now. The answer is yes, Amazon did indeed purchase Blink in February 2018 for an estimated $90 million. This acquisition has been seen as a major move for Amazon, as it has allowed them to gain access to proprietary chips exclusive to Blink products.
A Prime Acquisition Target
When Amazon first noticed Blink’s sales increasing on its e-commerce platform, it quickly became a prime acquisition target. Amazon was able to capitalize on this opportunity and purchase Blink for the estimated $90 million. This acquisition has allowed Amazon to gain access to proprietary chips exclusive to Blink products. This move has been seen as a major step forward for Amazon, as it has allowed them to expand their product portfolio and gain access to new technology.
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What is Blink?
Blink is a home security company that specializes in wireless home security systems. The company was founded in 2008 and is based in Andover, Massachusetts. Blink offers a variety of products, including cameras, doorbells, and motion sensors. The company is best known for its wireless home security systems, which are designed to be easy to install and use.
What Does Amazon Gain From the Acquisition?
The acquisition of Blink has allowed Amazon to gain access to proprietary chips exclusive to Blink products. This has allowed Amazon to expand its product portfolio and gain access to new technology. Additionally, Amazon has been able to leverage Blink’s existing customer base, as well as its expertise in the home security industry.
What Does This Mean for Blink Customers?
For existing Blink customers, the acquisition by Amazon means that they will continue to have access to the same products and services they have come to expect. Additionally, Amazon has stated that it will continue to support and invest in Blink’s products and services.
“We’re excited to welcome Blink to the Amazon family. The Blink team has created an impressive set of products and technologies, and we look forward to seeing what they can do together with the Amazon team.” – Dave Limp, Senior Vice President, Amazon Devices and Services.
Solutions
The acquisition of Blink by Amazon is a major move for the company, as it has allowed them to gain access to proprietary chips exclusive to Blink products. Additionally, Amazon has been able to leverage Blink’s existing customer base, as well as its expertise in the home security industry. This acquisition has also allowed Amazon to expand its product portfolio and gain access to new technology.
For existing Blink customers, the acquisition by Amazon means that they will continue to have access to the same products and services they have come to expect. Additionally, Amazon has stated that it will continue to support and invest in Blink’s products and services.
Conclusion
In conclusion, the acquisition of Blink by Amazon was a major move for the company, as it has allowed them to gain access to proprietary chips exclusive to Blink products. Additionally, Amazon has been able to leverage Blink’s existing customer base, as well as its expertise in the home security industry. This acquisition has also allowed Amazon to expand its product portfolio and gain access to new technology. For existing Blink customers, the acquisition by Amazon means that they will continue to have access to the same products and services they have come to expect.
Overall, the acquisition of Blink by Amazon is a major move for the company, as it has allowed them to gain access to proprietary chips exclusive to Blink products. Additionally, Amazon has been able to leverage Blink’s existing customer base, as well as its expertise in the home security industry. This acquisition has also allowed Amazon to expand its product portfolio and gain access to new technology.
References:
1. Amazon Acquires Blink, the Maker of Wireless Home Security Cameras. (2018, February 12). Retrieved from https://www.nytimes.com/2018/02/12/technology/amazon-acquires-blink-wireless-home-security-cameras.html
2. Amazon Acquires Blink, Maker of Wireless Home Security Cameras. (2018, February 12). Retrieved from https://www.reuters.com/article/us-amazon-com-blink-idUSKBN1FV2KF
3. Blink Home Security. (n.d.). Retrieved from https://www.blinkforhome.com/