Monday January 13, 2014 7:32 pm
Google to acquire Nest for $3.2 billion
Google just announced that it will acquire Nest, the company that sells the popular and impressive connected Smart Thermostat and Protect smoke alarm devices, for $3.2 billion. With the deal, Nest founders Tony Fadell and Matt Rogers will join Google, bringing the two men who pretty much brought the iPod to life into Google's clutches.
"They’re already delivering amazing products you can buy right now–thermostats that save energy and smoke/CO alarms that can help keep your family safe," said Google CEO Larry Page in a statement. "We are excited to bring great experiences to more homes in more countries and fulfill their dreams!"
Google says that Nest will continue to operate independently, and Nest says that the customer data will be kept separate from the rest of Google data mining. We've seen similar promises from other companies Google has purchased in the past, and many of them were broken. We'll see how this one pans out. The acquisition is now pending regulatory review, and will likely take a few months to close.
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