This has to go down as one of the biggest / largest and let me add, meaningful, purchases that Google has completed. For those that don't know, Tony Fadell is also known as the father of the iPod, making him an ex-Apple Employee. $3.2 BILLION!!!
Tony Fadell, CEO of Nest, said: “We’re thrilled to join Google. With their support, Nest will be even better placed to build simple, thoughtful devices that make life easier at home, and that have a positive impact on the world.”
Nest will continue to operate under the leadership of Tony Fadell and with its own distinct brand identity. The transaction is subject to customary closing conditions, including the receipt of regulatory approvals in the US. It is expected to close in the next few months.
What are your thoughts of letting Google harvest your data inside of your house. It's kind of already scary how much data Google has acquired but this takes it to the next level.