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

By Alexei Oreskovic and Poornima Gupta 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. The deal is the second largest in Google’s history after the $12.5 billion acquisition of mobile phone maker Motorola in 2012. Like the Motorola deal,

Quoted from Google gains entry to home and prized team with $3.2 billion Nest deal on Gadgets News Headlines – Yahoo! News

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