Google to buy Nest for $3.2 billion

Google has been paying attention to industries outside its core of multiple online services used on our PCs, smartphones and tablets. Earlier today, the company announced its plans to enter efectively the home automation market by acquiring Nest for US$3.2 billion. But, what does Nest does to be bought at that price?

Nest founder, Tony Fadell, said the following:

Google has the business resources, global scale and platform reach to accelerate Nest growth across hardware, software and services for the home globally. And our company visions are well aligned – we both believe in letting technology do the hard work behind the scenes so people can get on with the things that matter in life. Google is committed to helping Nest make a difference and together, we can help save more energy and keep people safe in their homes.

Nest has developed the Nest Thermostat, Nest Protect, and others. To see many devices being somehow interconnected sounds cool. By the way, Tony Fadell was one of the persons who collaborated in the design of the iPhone and the iPod.

[Sources]: Nest.com: Nest, Google and you [https://nest.com/blog/2014/01/13/nest-google-and-you/]; USA Today: Google to acquire Nest for $3.2 billion [http://www.usatoday.com/story/tech/2014/01/13/google-to-acquire-nest-for-32-billion/4459879/].