1,000,000 + Attorneys and Legal Staff - Legal employers hire more people on LawCrossing than any other site.
Project Wing, Drone Delivery Service, Revealed by Google
Project Wing, Drone Delivery Service, Revealed by Google
Livedrive Riles UK Customers by Abruptly Terminating Services
Livedrive Riles UK Customers by Abruptly Terminating Services
Jury Verdict Against Bank of America to be Reviewed by Judge
Jury Verdict Against Bank of America to be Reviewed by Judge
Hewlett-Packard Denied Opportunity to Settle with Shareholders
Hewlett-Packard Denied Opportunity to Settle with Shareholders
Job Listings

Google Purchases Nest for $3.2 Billion

It was announced on Tuesday that Google has purchased Nest for $3.2 billion in cash, according to a report from USA Today. Nest makes digital smoke alarms and thermostats. The company is headquartered in Palo Alto, California.

This purchase sends Google into multiple markets. Those markets include PCs, e-mail, search, smartphones, tablets and the home. This acquisition allows Google to dabble in the concept of the home being connected digitally to other electronic devices.

Frank Gillett, an analyst with Forrester, said that the purchase “affirms the growing strategic importance of the idea of the connected home. It also shows Google increasingly believes in hardware-software solutions such as Nest has built, rather than building operating systems.”

What

 job title, keywords

Where

 city, state, zip



Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!


Nest started in 2010 and its CEO, Tony Fadell, will continue to run the company. Fadell worked at Apple before beginning Nest. He helped develop the iPod and iPhone prior to leaving.

“This was methodically planned — this was not a slapdash kind of thing over a weekend,” Fadell told USA TODAY. “This has been going on since the summer, when we started to think about raising money and when we also wanted to partner with certain teams at Google for technology, for infrastructure for various things. I work on visions and creating products and businesses that I believe in and other people take notice. And, in this case, Google did.”

Larry Page, the CEO of Google, said that Fadell and his Nest co-founder, Matt Rogers, created a “tremendous team that we are excited to welcome into the Google family.”

Google Purchases Nest for $3.2 Billion by

Tagged: , , , , , , , ,

Posted by on January 14, 2014. Filed under Business News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Medical Malpractice Defense Associate
USA-NY-White Plains

Our client is currently seeking a Defense Medical Malpractice Associate with the following: JD from an accredited law school Must be admitted to practice in the state of New York 2-...