Google Acquires Nest for $3.2 Billion

Tuesday, 14 January 2014 | by Pat's Picks

Google is getting into the home automation business. The Internet giant is acquiring Nest Labs - which makes smarthome devices like cutting-edge smoke detectors and “self-learning” thermostats. The San Jose Mercury News says Google has dabbled in home automation software before, but in acquiring Nest, it is getting a company whose products are already popular.

SOURCE: San Jose Mercury News