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Google Buys Nest - Enters Smart Home Market ...Again!



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Report Summary:

Google re-prioritized post-CES press articles with its announcement late Monday, January 13 that it agreed to by Nest Labs for $3.2 billion. The resulting buzz ranges from: “Is Nest worth it?” to “Will Nest help Google succeed in home energy management?” We are not prepared to comment about the valuation, but we can tell you that the acquisition is about much more than thermostats, smoke detectors and home energy management.

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