Wednesday, January 15, 2014

Google buys Nest for $3.2-billion

Google's latest billion-dollar bet is on the fully connected home – one in which every appliance, service and device talks to the Internet.
The search giant announced Monday it will spend $3.2-billion (U.S.) in cash to acquire Nest, a Palo Alto, Calif., startup that designs next-generation versions of everyday home tools.