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Jan 14, 2014

Google gains entry to home and prized team with $3.2 billion Nest deal

SAN FRANCISCO (Reuters) – Google Inc took its biggest step to go deeper into consumers’ homes, announcing a $3.2 billion deal to buy smart thermostat and smoke alarm-maker Nest Labs Inc, scooping up a promising line of products and a prized design team led by the “godfather” of the iPod.

Nest will continue to operate as its own distinct brand after the all-cash deal closes, Google said on Monday.

Jan 13, 2014
Jan 13, 2014
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      "Poornima Gupta writes about technology out of San Francisco, covering consumer and enterprise device makers Apple, HP and Dell. She previously spent five years in Detroit covering the crisis-ridden U.S. automotive sector that resulted in two of the biggest bankruptcy filings in the industrial world. She won a SABEW award for reporting on the failed merger between GM and Chrysler, and their negotiations with the federal government."
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