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Best Buy Acquires Senior-Focused Device Maker for $800 Million

Companies such as Google, Microsoft Corp. and Samsung Electronics Co. are also competing for the market, fueled by compelling demographics. By 2020 about 45 million Americans will be caring for 117 million seniors, spending on everything from food delivery to safety and health monitors. Research by the AARP and consultants Parks Associates found that caregivers will spend an average of $509 annually for each person they tend to by 2021, a 69 percent increase from 2016.

From the article "Best Buy Acquires Senior-Focused Device Maker for $800 Million" by Matthew Boyle.

Previously In The News

ADT’s $105 Million Bet on Ambient AI: Why the Security Giant Is Buying Technology That Can Sense People Through Walls

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T-Mobile Brings Back Free MLB.TV Access for Customers

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Roku Debuts Search Button For Free Live TV

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Marcelo Oliveira: The Router is the Next Strategic Battleground for ISPs

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