BREAKING: Google To Buy Nest For $3.2 Billion [UPDATED]
This has just hit the wires and I have to go on is this press release that doesn’t have a lot in the way of details. But it appears that Google has scooped up the the makers of the Nest thermostat for $3.2 billion:
Larry Page, CEO of Google, said: “Nest’s founders, Tony Fadell and Matt Rogers, have built a tremendous team that we are excited to welcome into the Google family. They’re already delivering amazing products you can buy right now–thermostats that save energy and smoke/CO alarms that can help keep your family safe. We are excited to bring great experiences to more homes in more countries and fulfill their dreams!”
Tony Fadell, CEO of Nest, said: “We’re thrilled to join Google. With their support, Nest will be even better placed to build simple, thoughtful devices that make life easier at home, and that have a positive impact on the world.”
Nest will operate as an independent company and the transaction will close in the next few months.
So, what do you think Google has planned for Nest?
UPDATE: Nest has posted this blog entry to tell users what happens with Nest data with Google being on the scene.
January 17, 2014 at 4:34 am
Smart move by Google. Several startups like Nest, Revolv, ThinkEco are reshaping the home automation industry and will lead to the connected home and the first experiences in the “Internet of things” very soon. I tried
to provide an overview here http://wp.me/p2CSSk-2t
After the Nest acquisition by Google, who’s leading the innovation in your opinion? Which startups are going to have a disruptive influence in the market?
January 17, 2014 at 10:31 am
I am keeping my eye on Pebble. I really think that something big is going to come from them this year.