Advertisements

Google Buys Nest for $3.2 Billion in Cash

Nest-thermostat

Google has entered into an agreement to acquire Nest, the business behind the smart thermostat and smoke detector, for $3.2 billion in cash.

Nest was founded by Tony Fadell, a former Apple employee who is credited with being the brains behind the iPod, in 2010. Fadell will continue to run Nest and the company will operate as a standalone brand under Google.

source: Mashable

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: