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Here’s why Google bought Nest

14
Jan
2014

Google announced Monday night it is acquiring smart thermostat and smoke detector-maker Nest for $3.2 billion in cash, surprising analysts and starting to really put Google at the forefront of the “Internet of Things.” It’s also scaring consumers at the same time. In a statement on Monday afternoon, Google CEO Larry Page said that Nest Labs co-founders and former Apple executives Matt Rogers and Tony Fadell, who is credited with being the godfather of the iPod and Matt Rogers, have built a tremendous team, and Page is excited to see what they’re working on next. “They’re already delivering amazing products you can buy right now–thermostats that save energy and smoke/CO alarms that can help keep your family safe,” Page said

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