View Single Post
Unread 2014-02-06, 03:19 PM   #21
Join Date: Feb 2004
Location: Lenexa
Posts: 165,017
Post Thanks / Like

Google’s $3.2 Billion Purchase of Nest Cleared by FTC

Back in January, it was announced that Google would be acquiring Nest, the smart thermostat and smoke detector company whose popularity has been growing gradually since its humble beginnings as a Kickstarter project, for a whopping $3.2 billion. With high profile acquisitions, especially one that concerns the data privacy of users, the deal had to go through FTC approval.
According to a new report from Computer World, the deal has been approved early by the FTC and Antitrust Division of the Department of Justice, with Google hoping the deal is completely closed within a couple of months.
Now what happens? It has been speculated that after Motorola’s departure from Google that Nest will take up the hardware manufacturing needs of Google, reportedly for consumer electronics and other special projects. No details are definitive, but you can bet that Google has bigger plans for their $3.2 billion investment than to just keep making smoke detectors and thermostats.
Whatever Google does have in mind, we are sure it’s going to be quite exciting.


JDLM is offline   Reply With Quote