http://investor.google.com/releases/2014/0113.htmlMOUNTAIN VIEW, CA – JANUARY 13, 2014 — Google Inc. (NASDAQ: GOOG) announced today that it has entered into an agreement to buy Nest Labs, Inc. for $3.2 billion in cash.
Nest’s mission is to reinvent unloved but important devices in the home such as thermostats and smoke alarms. Since its launch in 2011, the Nest Learning Thermostat has been a consistent best seller--and the recently launched Protect (Smoke + CO Alarm) has had rave reviews.
Larry Page, CEO of Google, said: “Nest’s founders, Tony Fadell and Matt Rogers, have built a tremendous team that we are excited to welcome into the Google family. They’re already delivering amazing products you can buy right now--thermostats that save energy and smoke/CO alarms that can help keep your family safe. We are excited to bring great experiences to more homes in more countries and fulfill their dreams!”
Tony Fadell, CEO of Nest, said: “We’re thrilled to join Google. With their support, Nest will be even better placed to build simple, thoughtful devices that make life easier at home, and that have a positive impact on the world.”
Nest will continue to operate under the leadership of Tony Fadell and with its own distinct brand identity. The transaction is subject to customary closing conditions, including the receipt of regulatory approvals in the US. It is expected to close in the next few months.
About Google Inc.
Google is a global technology leader focused on improving the ways people connect with information. Google’s innovations in web search and advertising have made its website a top internet property and its brand one of the most recognized in the world.
Now anyone who has a Nest learning thermostat will find Google+ making its way onto it lol.
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I got a high Electric Bill, I decided I needed to have a little bit better handle on making sure my thermostat wasn't running when it shouldn't be. Since sometimes I leave the house and I am forgetful to change things, I find it nice to be able to turn off my AC from my phone. Also to see what the current temp in my apartment is so I know if I need to get it running a hour before I come home. Also auto away and stuff makes sure when I am not around I am not using energy. It has a lot of very neat features. So if this brings my electric bill back down to 40 and 50 bucks vs the $160 to $200 bills I had this winter using a dummy thermostat that probably ran most of the day. I would say it is worth the money. Also little known fact, some of the bigger electric companies will actually pay in full for this device, and even send them directly to your home. 
