Google To Acquire Nest Labs For 3 2 Billion
Here is the press release from Google announcing the details on the acquisition: So what do you think of this acquisition by Google? A good move or a waste of $3.2 billion in cash? MOUNTAIN VIEW, CA – JANUARY 13, 2014 — Google Inc. (NASDAQ: GOOG) announced today that it has entered into an agreement to buy Nest Labs, Inc. for $3.2 billion in cash. Nest’s mission is to reinvent unloved but important devices in the home such as thermostats and smoke alarms....