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Google Finalizes Nest Deal worth $3.2 Billion

Done and done; Google unveiled the purchase yesterday of the innovative smart thermostat company, Nest. A deal worth $3.2 billion.

Tony Fadell (Nest CEO) is extremely happy with the finalization of the deal knowing that Google will help take their technology to new heights.

Fadell states in his blog, “Google has the business resources, global scale and platform reach to accelerate Nest growth across hardware, software and services for the home globally. And our company visions are well aligned – we both believe in letting technology do the hard work behind the scenes so people can get on with the things that matter in life. Google is committed to helping Nest make a difference and together, we can help save more energy and keep people safe in their homes.”


[via Mashable]

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