January 13, 2014

Google Purchases Nest for $3.2 Billion

Google has just purchased Nest Labs, the maker of the Nest Learning Thermostat and Protect smoke detector, for $3.2 billion in cash. According to a Google press release, Nest will continue to operate independently under the leadership of co-founder and CEO Tony Fadell; co-founder Matt Rogers will also make the move to Google. While the transaction is subject to the usual regulatory review, Google says it expects the sale to close within the next few months.

It's not yet clear exactly how Google plans to use Nest, but the company obviously see 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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