Google said Monday it will acquire Nest Labs for $3.2 billion in cash.
In a statement by Nest, the maker of the Learning Thermostat and the Protect smoke and carbon monoxide detector said that the company will continue to be run by current CEO Tony Fadell. "In other words, Nest will stay Nest," the company said.
"Why did we decide to partner with Google?" Fadell wrote in a blog post. "Google will help us fully realize our vision of the conscious home and allow us to change the world faster than we ever could … Read more