Sunday, 11 December 2016

Google buys Nest for $3.2bn

By Nick Wood, Total Telecom
Tuesday 14 January 14

Internet giant reboots home automation bid by snapping up ex-Apple engineers.

Google late Monday announced it has agreed to acquire Nest for $3.2 billion in cash in a bid to make up for its lacklustre progress in home automation. Nest offers a smoke/carbon monoxide alarm and a thermostat that can be monitored and controlled using smartphone apps. The company specifically targets what it deems to be 'unloved' products and reinvents them…

Google late Monday announced it has agreed to acquire Nest for $3.2 billion in cash in a bid to make up for its lacklustre progress in home automation. Nest offers a smoke/carbon monoxide alarm and a thermostat that can be monitored and controlled using smartphone apps. The company specifically targets what it deems to be 'unloved' products and reinvents them…

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