Google to acquire Nest for $3.2 billion

Google intends to make even more of a splash in Americans' homes. On Monday, it reached a deal to buy Nest, the maker of highly-styled digital smoke alarms and thermostats, for $3.2 billion in cash.
 
Nest, based in Palo Alto, Calif., has generated lots of buzz and sterling reviews for its aesthetic design approach to common everyday home appliances often overlooked by consumers.
 
Since its launch in 2011, the Nest Learning Thermostat has been a consistent best seller. The recently unfurled Protect (Smoke + CO Alarm) has landed rave reviews.
 
The acquisition thrusts Google squarely into multiple markets: search, e-mail, smartphones, PCs, tablets and — now — the home. Nest, in essence, puts Google in a prime position to cash in on the fledgling "The Internet of things" — a concept in which all digital devices in one's home are interconnected in some manner for maximum sharing of data. Nest also sharpens Google's design cred in the tech industry.
 

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