Google Pays $3.2 Billion In Cash for Thermostat
Nitasha Tiku · 01/13/14 04:19PMGoogle just agreed to pay $3.2 billion in cash to buy Nest Labs, the makers of "unloved but important" home devices like thermostats and smoke alarms, i.e. hardware that could help save and improve lives for a huge demographic of homeowners. How does the saying go: Two Internet of Things is worth one ephemeral in the bush?