Google buys smart thermostat maker Nest for $3.2 billion in cash. Nest started in 2011 by Tony Fadell, long credited with helping to father the iPod. Nest applied Apple-like design sense to everyday gadgets — starting with the lowly thermostat. What a home run. So my question is. Is this just about a big payday for Fadell’s team or is it more strategic for both buyer and seller.
I have long believed that companies pay big money to real solutions to real or perceived problems.
- APPLE itself has filed for patents that appear to indicate that it may get into the smart home space.
- Honeywell’s Lawsuit Against Nest
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