[telecom] Google to acquire Nest for $3.2 billion

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Google to acquire Nest for $3.2 billion

Jon Swartz, USA TODAY 10:13 p.m. EST January 13, 2014

SAN FRANCISCO - Google intends to make even more of a splash in Americans' homes. On Monday, it reached a deal to buy Nest, the maker of highly-styled digital smoke alarms and thermostats, for $3.2 billion in cash.

Nest, based in Palo Alto, Calif., has generated lots of buzz and sterling reviews for its aesthetic design approach to common everyday home appliances often overlooked by consumers.

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