Between the Lines
January 14, 2013
Google said Monday that it will pay $3.2 billion in cash for Nest, which makes smart thermostats and smoke alarms. Rest assured that Google is hoping to plug smart homes together with Android devices, its developer ecosystem and treasure trove of data.
Nest launched in 2011 to strong reviews. Since its launch, Nest’s smart thermostat has been replicated by larger players such as Honeywell.
Google CEO Larry Page said that Google is “excited to bring great experiences to more homes in more countries.”