Updated Jan. 13, 2014 at 6:12 p.m.

Premium Lock Google to buy Nest Labs for $3.2B to build on 'connected home'

Published: 2014-01-13 16:59:00
Updated: 2014-01-13 18:12:21

Google Nest Labs FILE - In this Tuesday, Oct. 1, 2013, file photo, Tony Fadell, Founder and CEO of Nest, poses for a portrait in the company's offices in Palo Alto, Calif. Google said Monday, Jan. 13, 2014, it will pay $3.2 billion to buy Nest Labs, which develops high-tech versions of devices like thermostats and smoke detectors. (AP Photo/Marcio Jose Sanchez) Image 1 of 2 · Next Image…

Google was an early investor in Nest Labs, whose thermostat is designed to learn how inhabitants like their homes to be heated and cooled....

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