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Google buys 'smart' thermostat maker Nest for $4b

Published on Jan 14, 2014 6:02 AM
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Google on Jan 13, 2014, announced that it is buying smart thermostat start-up Nest in a deal valued at $3.2 billion (S$4 billion). -- FILE PHOTO: BLOOMBERG

SAN FRANCISCO (AFP) - Google on Monday announced that it is buying smart thermostat start-up Nest in a deal valued at $3.2 billion (S$4 billion).

"They're already delivering amazing products you can buy right now - thermostats that save energy and smoke/CO alarms that can help keep your family safe," Google chief executive Larry Page said in a press release.

"We are excited to bring great experiences to more homes in more countries and fulfil their dreams."

The big-ticket buy continues a move by the California-based Internet titan into consumer electronics hardware, adding smartphone-synched thermostats to its Motorola Mobility smartphones; Nexus mobile devices, and the promise of releasing Google Glass eyewear some time this year.

 
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