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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.

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Dec 24, 2013

BlackBerry deal bolsters Foxconn’s makeover gambit

TAIPEI/SAN FRANCISCO (Reuters) – Foxconn’s BlackBerry Ltd (BB.TO: Quote, Profile, Research, Stock Buzz) deal marks the Taiwanese firm’s biggest step up the value chain – a chance to not just assemble smartphones, but help design them, too.

The agreement to design and market phones starting in Indonesia, the world’s fourth-most populous country but an under-penetrated market, is a boon to a mega-manufacturer trying to grow its margins while making a play for a bigger slice of the global mobile devices market.

    • About Poornima

      "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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