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Majority stake Announced Jan 2014

Google to acquire smart thermostat maker Nest Labs for $3.2 billion

Relationship map

Relationship map for Google to acquire smart thermostat maker Nest Labs for $3.2 billionparent ofGoogle Inc.: Operating CompanyGIGoogle Inc.Nest Labs Inc.: Operating CompanyNLNest Labs Inc.
Operating Company

Parties
Acquirer
Google Inc.
Operating Company
Target
Nest Labs Inc.
Operating Company

Market signals
Deal value$3.2B reported cash consideration

Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.

Summary

Google entered an agreement to buy Nest Labs, maker of the Nest Learning Thermostat and Nest Protect smoke/CO alarm, for $3.2 billion in cash. Nest would continue under its own brand and leadership; close expected within months pending regulatory approval.