Google Acquires Nest For $3.2B

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Written By Paul Hassebroek

Google is acquiring Nest, the makers of connected/automated thermostats and smoke detectors, for $3.2 billion.

Big news! @Google acquiring Nest to help fulfill our goal of reinventing unloved home products. Nest will stay Nest. http://t.co/0L8hNBhmYc

— Nest (@nest) January 13, 2014

Recode had reported earlier this month that Nest was working on raising more capital from investors that would have valued the company at $2B. It looks like they got a better offer!

Paul Hassebroek
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