Google Acquires Nest For 3 2 Billion
Media Platforms Design TeamGoogle dives into the smart home space in a huge way with today’s $3.2 billion acquisition of Nest Labs, the Palo Alto-based home automation company best known for its smart thermostat and smoke detector. “Nest’s founders, Tony Fadell and Matt Rogers, have built a tremendous team that we are excited to welcome into the Google family,” Google CEO Larry Page said in a statement. “They’re already delivering amazing products you can buy right now—thermostats that save energy and smoke/CO alarms that can help keep your family safe....