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Google Pays $3.2 Billion In Cash for Thermostat

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Google Pays $3.2 Billion In Cash for Thermostat

Google just agreed to pay $3.2 billion in cash to buy Nest Labs, the makers of "unloved but important" home devices like thermostats and smoke alarms, i.e. hardware that could help save and improve lives for a huge demographic of homeowners. How does the saying go: Two Internet of Things is worth one ephemeral in the bush?

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