Acquisitions

Google To Acquire Nest Labs For $3.2 Billion

Nest cofounder Tony Fadell (Getty)

To cap off a day of tree-themed acquisitions, Google has announced it’s shelling out $3.2 billion in cash for Nest: a company that makes super smart thermostats and smoke alarms.

Nest, which launched in 2011, aims to “take the unloved products in your home and make simple, beautiful, thoughtful things,” according to the company’s website. For those of you that don’t speak startup, that basically means they replace your junky old impossible-to-use thermostat with one that has motion sensors and WiFi connectivity. Read More