Google grabs Nest in $3.2 billion deal; former iPod boss Fadell to stay in charge

Google has acquired Nest, the company behind the Nest learning thermostat, as well as the Protect, a smart smoke detector, for $3.2 billion. Nest will continue to exist as its own distinct brand within Google, much like Motorola, and will still be run by current CEO Tony Fadell. Fadell said that he believes that this move will put Nest in a better position to create more of the devices that the company has become known for, according to the announcment from Google:

“We’re thrilled to join Google. With their support, Nest will be even better placed to build simple, thoughtful devices that make life easier at home, and that have a positive impact on the world.”

Are you excited about this news? Sound off in the comments.

Source: Google Investor Relations

Joseph Keller

Joseph Keller is the former Editor in Chief of iMore. An Apple user for almost 20 years, he spends his time learning the ins and outs of iOS and macOS, always finding ways of getting the most out of his iPhone, iPad, Apple Watch, and Mac.