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Google’s reach expands into your home more via $3.2 billion Nest acquisition

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Larry DignanBetween the Lines
January 14, 2014

Google said Monday that it will pay $3.2 billion in cash for Nest, which makes smart thermostats and smoke alarms. Rest assured that Google is hoping to plug smart homes together with Android devices, its developer ecosystem and treasure trove of data.

Nest launched in 2011 to strong reviews. Since its launch, Nest’s smart thermostat has been replicated by larger players such as Honeywell.

Google CEO Larry Page said that Google is “excited to bring great experiences to more homes in more countries.”

For Google, Nest founders Tony Fadell and Matt Rogers will bring some more design knowhow to the search giant, which has a hardware side of the business via Motorola. Fadell led the team at Apple that created the first 18 generations of the iPod and the first three generations of the iPhone.

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This article was posted: Tuesday, January 14, 2014 at 5:36 am





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