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Google completes Nest acquisition

12
Feb
2014

Google is now officially the owner of Nest Labs. After the deal received early FTC approval last week, Google closed the acquisition on Friday and revealed the finalized purchase in a filing today with the US Securities and Exchange Commission. Google announced its deal to purchase Nest for $3.2 billion almost exactly one month ago. Under Google, Nest will continue to operate with a degree of independence, though it wont be kept completely separate like Motorola was.

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