Google is buying Nest for $3.2 billion:
Larry Page, CEO of Google, said: “Nest’s founders, Tony Fadell and Matt Rogers, have built a tremendous team that we are excited to welcome into the Google family. 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. We are excited to bring great experiences to more homes in more countries and fulfill their dreams!”
Tony Fadell, CEO of Nest, said: “We’re thrilled to join Google. With their support, Nest will be even better placed to build simple, thoughtful devices that make life easier at home, and that have a positive impact on the world.”
Obvious Apple fanboy joke: I can’t wait until people in my Google+ circles can change how warm it is in my house.
Seriously though, I really thought Nest had a future, and now I’m worried that my smart thermostat is going to be mothballed far earlier than it would have been otherwise. I would hate seeing a successful, innovate company like Nest get absorbed and never be heard from again.