Google buys Nest for $3.2bn

Google is buying digital thermostat maker Nest Labs for $3.2 billion as the Internet search company moves deeper into web-connected devices.

14th January, 2014

Google is buying digital thermostat maker Nest Labs for $3.2 billion as the Internet search company moves deeper into web-connected devices.

Nest, led by Apple alumni Tony Fadell and Matt Rogers, will continue to operate under its own brand, Google said on its website. The all-cash deal is subject to regulatory review and is expected to close in the next few months, Google said.

To diversify beyond Web ads, Google is buying its way into the...

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