Google Inc (GOOG) has finalized deal for $3.2 billion Nest acquisition

Posted Feb 12, 2014

Google Inc (NASDAQ:GOOG) has completed the acquisition of Nest on February 7, according to a regulatory filing with the U.S. Securities and Exchange Commission (SEC). This is one of Google’s most unexpected and high-profile acquisitions in recent years.

Google gained ownership of Nest’s hardware portfolio and home automation devices along with the talent behind the company.

Nest was founded by Apple iPod designer Tony Fadell. Google will likely integrate Nest into their core hardware group.

[Source: TNW]