Google to buy Nest Labs for $3.2bn
Google has announced plans to buy thermostat maker Nest Labs for $3.2bn (£2bn), continuing a string of recent acquisitions. Google said the cash deal was expected to be completed in the next few months. California-based Nest Labs was founded by two former Apple executives. It produces a thermostat capable of learning user behaviour and working out whether a building is occupied or not, using temperature, humidity, activity and light sensors. The firm will continue to be run by chief executive Tony Fadell and maintain its own distinct identity, Google said in a…
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