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January 14, 2014 04:46 am GMT

Why Google Just Paid $3 Billion for a Thermostat Company

Nest1

It has been a couple years since Google announced a multi-billion dollar acquisition that caused peoples' jaws to drop. On Monday, the company did just that with the news that it had entered into an agreement to buy Nest, which makes smart thermostats and smoke detectors, for $3.2 billion in cash

On Twitter, some users reacted by joking about the possibility of Google requiring a Google+ account to use Nest products or introducing thermostat ads. These and other reactions showed a genuine concern that Google might somehow mess up Nest, a common enough concern with any acquisition. There was also a sense of confusion about what a search company wants with a thermostat maker. Read more...

More about Google, Business, Nest, and Tony Fadell

Original Link: http://feeds.mashable.com/~r/Mashable/~3/mXM1sOaxLqc/

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