Google Nest acquisition officially wraps

February 12, 2014
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Google's acquisition of Nest cleared the FTC a short while back. That approval sort of left the acquisition on a fast track in terms of being completely wrapped. And well, coming by way of a regularity filing that was filed on February 7th with the US Securities and Exchange Commission -- we now see the deal is complete.

Simply put, Google has officially acquired Nest Labs for $3.2 billion. There is likely still some that are curious to see how this will all play out, however we have already seen a bit of details in terms of what can be expected. For one, Nest (complete with the team) will continue operating as its own brand. In this case, that will just be done under Google.

The good news in terms of Nest continuing with its own branding shifts back to some privacy related concerns. Nest CEO Tony Fadell touched on this topic earlier, and said there will be no changes to the current privacy policy. Further talk from Fadell addressed how the data collected by Nest "is all about our [their] products and improving them."

And while there is always the possibility of things changing in the future, the talk circled back to the topic of opt-in. In this case Fadell mentioned that "if there were ever any changes whatsoever, we would be sure to be transparent about it, number one, and number two for you to opt-in to it.” Bottom line here, the deal has been wrapped, now we just need to see how things progress moving forward.

VIA: re/code

SOURCE: SEC


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  • Mark Curtis

    So about a year until Google gets tired of them and sells Nest to another company but keeps the patents?