Home > Uncategorized > The Real Reason Google Paid $3.2 Billion For Nest

The Real Reason Google Paid $3.2 Billion For Nest

Business & Money

Google’s ambitions are almost limitless, as it has proven time and again over the years. The company has pushed far beyond its roots in web search into smartphones, self-driving cars and robots. Even more is in the works.

On Monday, Google said it would pay $3.2 billion to acquire Nest Labs, a maker of sleek Internet-connected devices for the home that are controlled with a smartphone. Nest’s first two offerings, a thermostat and a smoke alarm, put a sci-fi twist on products that have barely evolved in decades. With the acquisition, Google gets a toehold in connecting all kinds of household devices to the Internet. The connected home, as its known, is shaping up as the next critical battleground in the technology industry, much like smartphones and tablets have been for several years.

“Google wants to be the connective tissue for all the devices and all…

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