Internal Amazon emails were released as part of a Congressional hearing on tech antitrust Wednesday, which featured testimony from CEO Jeff Bezos.
Some of those emails show how Amazon CEO Jeff Bezos in 2017 strategized about how to negotiate a lower price for Ring, the smart doorbell company it would ultimately acquire in 2018 for $1 billion.
They also show Bezos saying that the decision to buy Ring was based on its “market position – not technology.”
At the hearing, Bezos testified market position is “one of the primary things that one would look at in an acquisition.”
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Internal Amazon emails released as part of a Congressional tech antitrust hearing Wednesday provide insight into the company’s $1 billion acquisition of home-security camera company Ring.
The messages show how CEO Jeff Bezos strategized on how to lower the price of the deal, and that his interest in Ring was because of its “market position – not technology.”
The emails, from late 2017, show Amazon leaders were hesitant to buy the company because of the price, but ultimately …read more
Source:: Businessinsider – Technology