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Google buys Nest for 3.2 billion.

by Greg Robertson on January 13th, 2014

Google to Acquire Nest

“Google Inc. (NASDAQ: GOOG) announced today that it has entered into an agreement to buy Nest Labs, Inc. for $3.2 billion in cash.

Nest’s mission is to reinvent unloved but important devices in the home such as thermostats and smoke alarms. Since its launch in 2011, the Nest Learning Thermostat has been a consistent best seller–and the recently launched Protect (Smoke + CO Alarm) has had rave reviews.”

Now that’s an expensive smoke detector.

From → Acquisitions

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