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The Information: Amazon offered $100M for August before releasing Key

Published 02/20/2018, 10:22 AM
© Reuters.  The Information: Amazon offered $100M for August before releasing Key
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  • Amazon (NASDAQ:AMZN) offered $100M to buy smart lock maker August Home in 2016, according to The Information.
  • The previously unreported offer was mentioned in a piece about Amazon’s Alexa Fund investing in companies in markets that Amazon later decides to enter.
  • August turned down the offer and later sold for $150M to lock manufacturer Assa Abloy. The sale came after Amazon announced its competing Key product.
  • Amazon participated in a $5.6M funding round for Nucleus, creator of Alexa-integrated home intercoms with screens. Amazon later released the Echo Show.
  • Amazon denies the claims and says the Echo Show was “well underway before our first discussion with Nucleus.”
  • Amazon shares are up 1.4%.
  • Now read: How Amazon Could Lose Its Healthcare Bid While Drug Distributor Stocks Win


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