Google to buy Nest Labs for $3.2bn in bid for smart home-devices market

Google has expanded its presence in consumer homes by buying Nest Labs, a connected device company which makes smart thermostats and smoke detectors, for $3.2bn.The internet search giant announced an agreement to acquire Nest on Monday, signalling a deeper push into a new market of app-controlled household devices. see:For Google, a Toehold Into Goods for a Home
Google, which dominates much of life on the Internet, has been trying to expand beyond computers and telephones to living rooms, cars and bodies. It made its way a bit further into people’s homes on Monday when it agreed to pay $3.2 billion in cash for Nest Labs, which makes Internet-connected devices like thermostats and smoke alarms.Nest, which was started in 2010 by Tony Fadell and Matt Rogers, members of the teams that built the iPhone and iPod at Apple, will continue to operate independently under its own brand and expand its portfolio of connected versions of what it calls “unloved but important devices in the home.” Mr. Fadell, Nest’s chief executive, will report to Larry Page, co-founder and chief executive of Google. and Nest: Two Companies in the Business of Understanding You
Google has announced it is buying Nest Labs, maker of smart thermostats and smoke alarms, for $3.2 billion in cash. At times like this, it’s normal to ask what is in it for each side.This time, that is a particularly interesting question for what it says about our world. Google Bought Nest: A Theory
Google is acquiring Nest, makers of a smart thermostat, for a reported $3.2 billion.Perhaps it seems obvious why Google would want to buy the company, founded by former Apple executive Tony Faddell. The comments on Twitter were immediate, for sure. For example, investor Howard Lindzon wrote, “[Google] wants all your home data.”

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