Google’s Nest Acquisition Is a $3.2 Billion Bet on the Internet of Things

Now, where can I get an antivirus software for my refrigerator ??

Tech

News broke this afternoon that Google is buying Nest — the maker of Internet-savvy thermostats and smoke detectors — for $3.2 billion in cash. It’s a big acquisition by any standard, and the money involved is less interesting than the future implications — for Nest, for Google and maybe for the entire tech industry.

Nest was co-founded by Tony Fadell (the man who instigated the iPod and turned it into a company-changing business for Apple) and Matt Rogers (also an Apple alum). Google says the Nest brand will stay a distinct brand and that Fadell will continue to run it. But it’s a safe bet that Google isn’t plunking down $3 billion because it has a hankering to get into the thermostat and smoke-detector business. What it’s getting is the team that’s done as much thinking as anyone about what happens when almost anything in a home might be a…

View original post 457 more words

Advertisements

Comments Off on Google’s Nest Acquisition Is a $3.2 Billion Bet on the Internet of Things

Filed under International Econnomic Politics

Comments are closed.