Black Eyed Peas singer acquires smart home platform Wink

Smart home platform Wink has been acquired by lifestyle and technology company i.am+, owned by Black Eyed Peas singer will.i.am. The deal was made for $38.7 million upfront for Wink, plus a $20 million commitment towards future manufacturing. Wink connects user's smart devices into a smart home network in competition with Amazon Alexa and Apple HomeKit.