It’s a done deal: Google has completed its $3.2 billion acquisition of Nest

It’s a done deal: Google has completed its $3.2 billion acquisition of Nest

Google completed its acquisition of Nest on February 7, it was revealed today in a regulatory filing with the US Securities and Exchange Commission.

The $3.2 billion deal was one of Google’s most high-profile and unexpected buyouts in recent memory, obtaining the hardware company’s portfolio of home automation devices and staff, led by former iPod designer Tony Fadell.

So. Much. Tech.

Some of the biggest names in tech are coming to TNW Conference in Amsterdam this May.

Last month, the ex-Apple visionary described some of the meetings he had with Larry Page and other Google executives prior to the deal’s completion:

“The two-way interchange of what was, for me, intellectual happiness and the stimulation of being able to go back and forth and really create a new world together – and in a different way than either of us had imagined – that was personally exciting to me.”

Reports have suggested that Google will now use Nest to lead its core hardware group moving forward.

Read Next: Nest CEO Tony Fadell vows to make any privacy policy changes transparent and opt-in / The ‘father of the iPod’ explains how his company Nest is using tech to make your home ‘conscious’

➀ 10-K filing (Via Recode)

Image Credit: George Frey/Getty Images

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