Google acquires the home automation company Nest Labs for $3.2 billion
Google has announced that it has acquired Nest Labs, a company that operates in the field of home automation, offering products such as thermostats and smoke detectors controllable via the Internet, for $3.2 billion in cash. According to the press release, the company will continue to operate under the direction of its co-founder Tony Fadell, who a few years ago was one of the creators of the iPod when he worked for Apple.
