Google to Acquire Nest

Google to Acquire Nest – Investor Relations – Google:
"Google Inc. (NASDAQ: GOOG) announced today that it has entered into an agreement to buy Nest Labs, Inc. for $3.2 billion in cash."

For Google, a Toehold Into Goods for a Home - NYTimes.com 
"Nest, which was started in 2010 by Tony Fadell and Matt Rogers, members of the teams that built the iPhone and iPod at Apple, will continue to operate independently under its own brand and expand its portfolio of connected versions of what it calls “unloved but important devices in the home.

Mr. Fadell, Nest’s chief executive, will report to Larry Page, co-founder and chief executive of Google."

Getting even harder for Microsoft to compete in "Devices" space... 

And even more motivation to do so...