Google acquires Nest Labs for $3.2 billion in cash

Shawn Knight

TechSpot Staff
Staff member
Google on Monday announced that they have entered into an agreement to purchase Nest Labs, Inc., makers of the popular Nest Learning Thermostat and the recently-released Protect smoke detector, for $3.2 billion in cash. In the world of startup acquisitions,...

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Vrmithrax

TechSpot Paladin
Interesting, particularly when you consider that Nest Labs was formed by former Apple employees... Guess the big fruit company got beat to the punch on this one?
 
G

Guest

Yeah, just beating Apple to the punch has got to be work an extra billion.
 

Vrmithrax

TechSpot Paladin
Being ex-Apple may have been a closed door to Apple. I know I might be a little reluctant to go back to a company, I spent time getting away from.
Very true, hadn't thought of it in that light! I just sort of assumed it wasn't a horrible relationship between Nest and Apple, since the Nest products are featured prominently in Apple Stores and have traditionally been touted as a very Apple-ish niche product. Have to wonder how fast that will change?
 

insect

TS Evangelist
Now if only they would make them worth the cost. I can't use a Nest with my HVAC, though I would love to. Can't control my humidifier, dehumidifier, variable fan speed, and many other features :( My current thermostat is difficult to use, not wifi, doesn't predict the weather, and is kind of ugly.

One day I will get the best of both worlds!
 

Jad Chaar

Elite Techno Geek
I hope Google doesnt ruin this great company. They have potential and Google has a chance to be part of something big as long as they dont screw it up.

Being ex-Apple may have been a closed door to Apple. I know I might be a little reluctant to go back to a company, I spent time getting away from.
Exactly.
 
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cliffordcooley

TS Redneck
lol
Home appliances that would require a Google or Microsoft account to operate. I think I will pass on the dependency of needing an account with any company for such self-sufficient task.
 

VitalyT

Russ-Puss
Just how many more good ideas will Google try to swallow before it chokes, I wonder?...

Their monopoly is spreading like a virus...
 

Skidmarksdeluxe

TS Evangelist
I hope Google doesnt ruin this great company. They have potential and Google has a chance to be part of something big as long as they dont screw it up.

Being ex-Apple may have been a closed door to Apple. I know I might be a little reluctant to go back to a company, I spent time getting away from.
Exactly.
Lol. "Google has a chance to be part of something big". You must mean Nest has a chance to be part of something big.
Google didn't become the company they are today by being dunces.
 
G

Guest

VitalyT said:
Just how many more good ideas will Google try to swallow before it chokes, I wonder?...

Their monopoly is spreading like a virus...
Careful with how you throw around the word "monopoly". In what areas what you consider Google to be a monopoly? Learning thermostats? Ever heard of Honeywell?
 

tipstir

TS Ambassador
Google going run adsense on these nest devices next. Or even link Nest to your Android Smartphone or tablet instead.