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  • Google Reportedly Acquires Nest Labs for $3.2 Billion


    Google is once again taking a page from Apple’s play book by taking aim at the thermostat.

    As some will recall, Nest Labs’ first product - the famed Nest Learning Thermostat – was once a product you could only get at the Apple Store. Apple’s willingness to sell the Nest product was certainly aided by the fact that Nest was founded by Tony Fadell and Matt Rodgers, two former Apple employees.

    Well, today, the close relationship between Nest and Apple may have taken a turn in a different direction. Nest Labs has been acquired by Google for a reported $3.2 billion.

    Google, however, has already been a major investor in Nest, although today’s news of the acquisition is still somewhat surprising. CNBC confirms that beyond Google Ventures, other investors in Nest include Shasta Ventures, Kleiner Perkins and Lightspeed Venture Partners.

    Source: CNBC
    This article was originally published in forum thread: Google Reportedly Acquires Nest Labs for $3.2 Billion started by Michael Essany View original post
    Comments 14 Comments
    1. 2k1's Avatar
      2k1 -
      Anyone wanna buy my nest now?
    1. jonathan1683's Avatar
      jonathan1683 -
      Quote Originally Posted by 2k1 View Post
      Anyone wanna buy my nest now?
      Its crazy how these big companies will pay anything in fear they will miss out on something. I bet that CEO of nest is laughing all the way to the bank.
    1. novadam's Avatar
      novadam -
      Quote Originally Posted by 2k1 View Post
      Anyone wanna buy my nest now?
      what are you worried about?
    1. NSXrebel's Avatar
      NSXrebel -
      Quote Originally Posted by novadam View Post
      what are you worried about?
      Google is gonna start showing him ads on Nest and sell his info.
    1. DieselVexx's Avatar
      DieselVexx -
      Google...He 's worried about Google. You did see how they dropped the ball with Chrome Cast? By disallowing local streaming to this cheap little toggle they total blew their opportunity to cannibalize the streaming media market when they were poised to blow all other streamers out the water on the strength of price alone! Angering investors and consumers alike. Google, open source my BUTT (Pun intended).
    1. novadam's Avatar
      novadam -
      I don't know much about chrome cast. Was just asking. I have two nest tstats and eight nest protects, so i wanted to know what the concern was.
    1. luvmytj's Avatar
      luvmytj -
      LOVE Nest! HATE Google. I was a launch supporter. Sad news in my opinion.
    1. 2k1's Avatar
      2k1 -
      Quote Originally Posted by novadam View Post
      I don't know much about chrome cast. Was just asking. I have two nest tstats and eight nest protects, so i wanted to know what the concern was.
      Love the product but google now yuck. Like they ads on the nest now.
    1. DieselVexx's Avatar
      DieselVexx -
      Quote Originally Posted by novadam View Post
      I don't know much about chrome cast. Was just asking. I have two nest tstats and eight nest protects, so i wanted to know what the concern was.
      Google makes questionable decisions regarding their products and services. Yet, I use their search engine almost every day. Maybe, I speak out of turn. I don't own a nest Tstat...
    1. odoggy75's Avatar
      odoggy75 -
      This is how Google kills competition now. Outright buyouts. The Nest is dead. Soon to be riddled with open source diarrhea and malware.
    1. imperialto's Avatar
      imperialto -
      im actually looking for a NEST , lol
    1. WHUDS's Avatar
      WHUDS -
      Quote Originally Posted by odoggy75 View Post
      This is how Google kills competition now. Outright buyouts. The Nest is dead. Soon to be riddled with open source diarrhea and malware.
      lol and Apple neverrrrrrrr does this? Right!
    1. NSXrebel's Avatar
      NSXrebel -
      Quote Originally Posted by WHUDS View Post
      lol and Apple neverrrrrrrr does this? Right!
      NEVAR!!!!

      LULZ.


      The problem I have with google is that fake "do no evil" sh!t they do. Acting like they're doing everyone a service and giving them all these "free" services and software. It's all bullish!t.

      That, and they ripped off/copied Apple iPhone blatantly.
    1. bigboyz's Avatar
      bigboyz -
      Oh boy..Google going to make a Nest Watch to go with it?? HAHA!