Google Buys Nest For $3.2 Billion

Google first acquisition this year is Nest; a company that designs products which help in home automation like

Nest-Thermostat
Nest Thermostat

thermostats, devices which connect your home to the Internet, etc,. The news was broken by Google Senior VP Sundar Pichai with a tweet.


Welcome @tfadell and team, really excited to have you all part of Google. Love using your products
http://t.co/rofgHVUJ1h

— sundarpichai (@sundarpichai) January 13, 2014

For people who are concerned about privacy and other issues about Google, here is some good news for you.
Tony Fadell, the founder of Nest says the acquisition wont affect the day-to-day operation of Nest nor will it change it’s branding. Tony Fadell was also the primary designer of the iPod.

Google is showing keen interest in acquiring hardware companies since the last year. This was clear with the acquisition of many robot development companies like Boston Dynamics.