Google to buy Nest for $3.2 billion
SAN FRANCISCO -- Google says it has acquired Nest, the maker of highly styled digital smoke alarms and thermostats, for $3.2 billion in cash. Nest, based in Palo Alto, Calif., has generated lots of buzz and sterling reviews for its aesthetic design approach to common everyday home appliances often ignored by consumers. Since its launch in 2011, the Nest Learning Thermostat has been a consistent best seller. The recently unfurled Protect (Smoke + CO Alarm) has landed rave reviews. The acquisition thrusts Google squarely into multiple markets: search, email, smartphones, PCs, tablets and – now – the home. Nest CEO Tony Fadell, who at Apple helped design the iPhone and iPod before he started Nest in 2010, will continue to run Nest.
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