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

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.

“Google Inc. announced that it has entered into an agreement to buy Nest Labs Inc., manufacturer of the Nest Learning Thermostat, for $3.2 billion in cash.”

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