Google buys Nest for $3.2 billion

Submitted by acohill on Tue, 01/14/2014 - 15:12

Google has purchased Nest, a maker of innovative thermostats and smoke detectors. The purchase is apparently for $3.2 billion.....which seems like an awful lot of money for a niche manufacturer of a niche product: "smart" thermostats. One has to wonder what Google has in mind for the technology it has just bought.

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