New week new acquisition, this week Google bought Nest Labs, a company that makes Thermostats and Protect smoke detectors, for $3.2 billion in cash. According to a Google press release, the acquired company will continue to operate on their own under the leadership of co-founder and CEO Tony Fadell; co-founder Matt Rogers will also make the move to Google. The search Giant says it expects the sale to close within the next few months.
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We are yet to find out what plans google has for Nest but its acquisition already signifies that it is an important part of its future. A combination of Nest’s home solutions coupled with Google’s language recognition could give Google its strongest path yet into your home.
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