HARDWARE

Google acquires Nest Labs for $3.2 billion

nest
Google has announced the acquisition of Nest Labs for $3.2 billion in cash. Nest Labs launched their first product in 2011 – a Learning Thermostat and most recently announced Protect, which is a smoke and carbon monoxide alarm.

Google expects to close the deal in coming months and will run the company under its original leadership with its own brand identity.

Nest products allows users to remotely manage their devices from the mobile devices.

 1,314 Posts 0 Comments 33914 Views

Leave a Reply

Your email address will not be published. Required fields are marked *