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Google Enters Smart Home Space With Acquisition Of Nest Labs On January 13, 2014, Google announced it entered into an agreement to buy Nest Labs, Inc. for $3.2 billion in cash; Nest develops and markets automated home monitoring and safety devices. Since forming Nest in 2010, the company has launched the programmable Nest Learning Thermostat that promotes energy conservation, and the Nest Protect smoke alarm and carbon monoxide alarm. The device systems come with mobile applications that provide alerts, and allow remote monitoring and operation. The acquisition is expected to close in a few months. The . . .
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