Amazon said to have paid $90 million to acquire maker of Blink Security cameras

Amazon plans to use the chips Blink have for their in-house devices
Image Source: AP Images

Amazon.com Inc. has acquired the maker of Blink security cameras for $90 million (Rs 580 crores), in a secret bet on the startup’s energy-efficient chips, as reported by Reuters.

The foundation and the price tag of the deal highlights how Amazon is vying to sell more than just the next big camera. Amazon is venturing into using the exclusive Blink chips, which could extend the battery life of gadgets and lower the cost of production. The online retailer is looking to work on its Cloud Cam and then tap into its Echo speakers using the Blink chips.

The in-house devices that Amazon develops are done with a view of building strong relationships with its customers. Both, the Cloud Cam and the Echo Speakers require power source through plug-ins.

The technology developed at Blink enables their cameras to work for 2 years at a stretch using just one pair of AA lithium batteries. This acquisition could give birth to a generation of gadgets that are heavy on direct current, thereby increasing the portability of the gadgets.

The deal so far hasn’t gathered significant attention. The camera producer declared its takeover by Amazon with inadequate details of interest in a December 21 blog entry.

Examiners have seen Blink as a component of the retailer’s technique for Amazon Key, another program where customers can set up a smart lock and reconnaissance camera so deliveries can be done by slipping bundles inside their homes when they are away. Amazon additionally observes opportunity in the surveillance camera market as home innovation extends.

Sources: NDTV, Indian Express

HP to acquire Samsung’s Printing Business for over a Billion Dollars

Hewlett-Packard will take over Samsung’s printer business, valued at $1.05 billion. This acquisition will help computer giant firm HP to bring more than 6,500 patents of printing and 6,000 employees from all around the world which includes 1,300 researchers and engineers.

Last year HP got separated into two business where HP Inc controlled the printers and computers business and Hewlett-Packard Enterprise took charge of the software business and focused on data storage.

“When we became a separate company just 10 months ago, it enabled us to become nimble and focus on accelerating growth and reinventing industries,” said Dion Weisler, HP Inc’s chief executive.

After closing this transaction within 12 months, HP informed that Samsung will be investing USD 100-300 million through equity in open market purchases.

Due to outdated copiers and machines that require inefficient service and maintenance agreements, HP said that customers were frequently distressed and so, this deal would enable them to invest in advanced technology.

The deal will also help HP to serve their customers better in the global laser printing market, where it has mutual beneficial partnership with its printing engine suppliers, Canon, in its current product line.

 

News Source: BBC – http://www.bbc.com/news/business-37337989

Firstpost – http://www.firstpost.com/business/hp-to-acquire-samsungs-printer-business-for-1-05-bn-3001420.html