Google Acquires Nest To Conquer The Connected Home Market
The tech giant signed an agreement to buy the connected device company for $3.2 billion.
Google has announced that it is acquiring connected device company Nest Labs for $3.2 billion.
This move shows that the global tech leader is taking serious steps into conquering the connected home market, and also gives Nest access to massive resources and platform to bring its connected products to the next level.
According to TechCrunch, Nest Founder and CEO Tony Fadell stated, “Google will help us fully realize our vision of the conscious home and allow us to change the world faster than we ever could if we continued to go it alone.”