Google To Pay $3.2B To Acquire Nest Labs

Law360, New York (January 13, 2014, 5:54 PM EST) -- Google Inc. will buy Nest Labs Inc. for $3.2 billion in cash, the companies said Monday, in a deal that gives Google a burgeoning business dedicated to reinventing and modernizing products such as the thermostat and smoke alarm.

The deal is expected to close within the next few months. According to a Monday blog post from Nest co-founder and CEO Tony Fadell, the company's partnership with Google will help Nest grow and will provide it with an immediate boost.

"When Matt [Rogers] and I started Nest...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.