-Google Inc has announced plans to acquire Nest Labs Inc.
-Nest lab is a maker of smart thermostats and smoke alarms
- Deal size - $3.2 billion
- appears as an attempt to expansion in the broader array of devices.
-The deal is the second-largest in Google's history, after the $12.5 billion acquisition of mobile phone maker Motorola.
-Nest gained a large following with its first thermostat - a round, brushed-metal device with a convex glass screen that displays temperature and changes hue to match the color of the wall it attaches to. It also tracks usage and employs that data to automatically set heating and cooling temperatures.
Sent on my BlackBerry® from Vodafone
-Nest lab is a maker of smart thermostats and smoke alarms
- Deal size - $3.2 billion
- appears as an attempt to expansion in the broader array of devices.
-The deal is the second-largest in Google's history, after the $12.5 billion acquisition of mobile phone maker Motorola.
-Nest gained a large following with its first thermostat - a round, brushed-metal device with a convex glass screen that displays temperature and changes hue to match the color of the wall it attaches to. It also tracks usage and employs that data to automatically set heating and cooling temperatures.
Sent on my BlackBerry® from Vodafone
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