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HENRY BLODGET
Business Insider
January 14, 2014

Google just made a big, bold acquisition, scarfing up red-hot home-automation gadget company Nest for $3.2 billion.

Nest was founded by the guy who designed Apple’s iPod. Nest products look like Apple products. Nest products are beloved by people who love Apple products. Nest products are sold in Apple stores.

Nest, in short, looked like a perfect acquisition for Apple, which is struggling to find new product lines to expand into and has a mountain of cash rotting away on its balance sheet with which it could buy things.

But Apple didn’t buy Nest.

Google did.

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This article was posted: Tuesday, January 14, 2014 at 5:26 am





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