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Google buys smart thermostat maker Nest for $3.2 billion

2014-01-13 23:13:48| InfoWorld: Top News

Google has acquired Nest, a company that makes a home thermostat that can be programmed from people's mobile phones, for $3.2 billion in cash, Google said on Monday. The founders of Nest, Tony Fadell and Matt Rogers, "have built a tremendous team that we are excited to welcome into the Google family," Google CEO Larry Page said in a statement.

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