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Google buys smart thermostat maker Nest for $3.2 billion

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

The complete article is found here.

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http://www.bizjournals.com/sanjose/news/2014/01/13/google-buys-smart-thermostat-maker.html

 

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