Google buys 'smart' thermostat maker Nest for $3.2 bn

Jan 13, 2014
Google headquarters in Mountain View, California on September 2, 2011

Google on Monday announced that it is buying smart thermostat start-up Nest in a deal valued at $3.2 billion.

"They're already delivering amazing products you can buy right now—thermostats that save energy and smoke/CO alarms that can help keep your family safe," Google chief executive Larry Page said in a press release.

"We are excited to bring great experiences to more homes in more countries and fulfill their dreams."

The big-ticket buy continues a move by the California-based Internet titan into consumer electronics hardware, adding smartphone-synched thermostats to its Motorola Mobility smartphones; Nexus mobile devices, and the promise of releasing Google Glass eyewear some time this year.

"Google has the business resources, global scale and platform reach to accelerate Nest growth across hardware, software and services for the home globally," Nest co-founder and chief executive Tony Fadell.

"And our company visions are well aligned – we both believe in letting technology do the hard work behind the scenes so people can get on with the things that matter in life."

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Vviper
5 / 5 (2) Jan 13, 2014
CRAP! Now it looks like we will have to get a Google+ account to turn on the heat to our homes and watch advertisements before resetting the fire alarm.
rwinners
not rated yet Jan 13, 2014
CRAP! Now it looks like we will have to get a Google+ account to turn on the heat to our homes and watch advertisements before resetting the fire alarm.


There are plenty of programable thermostats on the market right now. I see little reason to buy one that requires an internet connection, much less one that is tied to an Apple/like maker.
BSD
not rated yet Jan 14, 2014
CRAP! Now it looks like we will have to get a Google+ account to turn on the heat to our homes and watch advertisements before resetting the fire alarm.


Excellent thought. Where will this megalomania end.....

"We are excited to bring great experiences to more homes in more countries and fulfill their dreams."


What a load of bullshit, business speak in this statement. What does it mean?
tdw
5 / 5 (1) Jan 14, 2014
CRAP! Now it looks like we will have to get a Google+ account to turn on the heat to our homes and watch advertisements before resetting the fire alarm.


There are plenty of programable thermostats on the market right now. I see little reason to buy one that requires an internet connection, much less one that is tied to an Apple/like maker.


Unless you are forced to buy one.
Jimee
not rated yet Jan 15, 2014
That's what it looks like. Enforced brand loyalty sounds way too heavy-handed to me.
Whydening Gyre
5 / 5 (1) Jan 15, 2014
Well, if history is any guide, Google will end up like Microsoft, trying to compete with smaller, faster "gunslingers".
Benevolent looking actions from the "elephant in the room" always raise suspicion.

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