Why Google paid $3.2 billion for thermostat startup Nest

The deal gives Google a stronger footing in the emerging world of the connected home

  • Larry Page with Nest founders Matt Rogers (left) and Tony Fadell (right)

  • Google on Monday announced it was acquiring Nest, makers of the Nest Learning Thermostat and Nest Protect smoke detector, for a cool $3.2 billion in cash.

  • Nest's smoke and carbon monoxide alarm

  • Nest's thermostat

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