Google Acquiring Tony Fadell-Founded Nest for $3.2 Billion

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Jan 13, 2014.

  1. macrumors bot

    MacRumors

    Joined:
    Apr 12, 2001
    #1
    [​IMG]


    Google is acquiring Nest, the smart-home appliance maker that is behind the Nest Thermostat and the Nest Protect smoke detector, for a reported $3.2 billion in cash.

    [​IMG]
    iPod co-creator Tony Fadell is the co-founder of the company alongside another former Apple employee, Matt Rogers. Nest tweeted that it will operate independent of Google.
    According to Re/code, Nest has raised more than $80 million in venture funding and was scheduled to close another $150 million round soon.

    Update: Nest has posted an article about what will happen to the company going forward, and perhaps most importantly, addressing what customer data will be shared with Google:
    Re/code reports that Google was the only serious bidder for Nest and Apple was not interested in the company.

    Article Link: Google Acquiring Tony Fadell-Founded Nest for $3.2 Billion
     
  2. macrumors member

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    Sep 17, 2007
    Location:
    Woodside, CA
    #2
    RIP iOS compatibility
     
  3. macrumors G4

    Joined:
    Oct 23, 2010
    #3
    I wonder if they'll just expand compatibility to Android, or replace iOS compatibility with Android compatibility. Hopefully it's just the former.
     
  4. macrumors 601

    Joined:
    Jul 11, 2008
    #4
    Google has always given support to iOS. Don't be absurd with your sensationalism.

    If this was the other way around, I'd be concerned.
     
  5. macrumors 65816

    Joined:
    Oct 4, 2005
    Location:
    Toronto, Canada
    #5
    Oh, come on!
     
  6. macrumors regular

    Joined:
    Apr 18, 2011
    Location:
    Charleston, SC
    #6
    Apple should've scooped up that one.
     
  7. macrumors 6502a

    chirpie

    Joined:
    Jul 23, 2010
    #7
    Gotta be bragging rights or something specific in there they want to exploit, as I just can't see how that company will pull any profits near the "B" word any time soon. :confused:
     
  8. macrumors 68000

    Joined:
    Nov 4, 2008
    #8
    Almost bought one of these.....

    Then I found out that they couldn't switch 230VAC. Kind of eliminates most of the combi boiler systems in the Uk at least?
     
  9. macrumors 6502

    Joined:
    Sep 2, 2012
    #9
    Cue the complaining of google buying nest in 3.....2.....1
     
  10. macrumors 6502a

    wlossw

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    May 9, 2012
    Location:
    Montreal, Quebec, Canada
    #10
    so how long till your smoke detector is trying to sell you fire insurance...:rolleyes:
     
  11. macrumors 603

    Joined:
    Aug 29, 2008
    Location:
    UK
    #11
    Oh my... will it survive or become the next Sparrow?
     
  12. macrumors 603

    nuckinfutz

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    Location:
    Middle Earth
    #12
    Makes me wonder if Apple just didn't want Tony Faddell back.
     
  13. macrumors 6502a

    Corrode

    Joined:
    Dec 26, 2008
    Location:
    Calgary, AB
    #13
    Now Google can run stats on home temperature settings.

    I swear they're only a couple steps away from taking over the world.
     
  14. macrumors regular

    Joined:
    Mar 29, 2011
    #14
    Here's to Honeywell controls to continue to dominate the market for home HVAC.
     
  15. macrumors regular

    Joined:
    Oct 24, 2002
    Location:
    Columbus, Ohio
    #15
    ...and the google nest-egg keeps growing.

    OK for iOS, but not great.
     
  16. macrumors 6502

    Joined:
    Jul 25, 2012
    #16
    "Want to control your NEST thermostat remotely? Log in with your Google+ account now!"
     
  17. macrumors 68000

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    Nov 4, 2008
    #17
    Too late......
     
  18. macrumors member

    Joined:
    Dec 16, 2004
    #18
    Abandoned Nest

    Well, that's ends MY interest in ever buying any of these. If Google's involved, I'm gone. They're trying their best to own us all. Well, not me!
     
  19. macrumors newbie

    Joined:
    Jun 25, 2007
    #19
    Noooo!

    For Sale:

    2 Nest Thermostats
    3 Nest Protects


    This is a shame. Google sucks.
     
  20. macrumors 6502

    thelonelylimo

    Joined:
    Oct 23, 2010
    Location:
    Gahanna, OH
    #20
    wow, I sure am glad I never bought into anything from Nest yet. I had planned to, but now I would need to create a Google+ account to change the temperature in my house. :cool:
     
  21. macrumors member

    Joined:
    Aug 25, 2009
    #21
    Great, now every time I burn toast, I'll be auto-enrolled in Google+. :)
     
  22. HobeSoundDarryl, Jan 13, 2014
    Last edited: Jan 13, 2014

    macrumors 601

    HobeSoundDarryl

    Joined:
    Feb 8, 2004
    Location:
    Hobe Sound, FL (20 miles north of Palm Beach)
    #22
    I think the products are pretty cool… but $3.2B in cash??? Wow!

    Congratulations to those guys for cashing in to what is seemingly the max. Makes me want to go out and build a wifi-enabled trash can or paper towel rack.

    I can't believe how much money will change hands in silicon valley for what seems to be relatively niche-y products. Again, not putting down THESE products or THESE guys- just stunned that a company would pay that much.
     
  23. macrumors 65816

    Joined:
    Aug 14, 2009
    #23
    i don't understand how these companies, worth billions at purchase, would ever profitable by creating very expensive gadgets supposed to replace cheap products

    one can find a thermostat for less than $50 and a smoke detector for $10 :rolleyes:


    the potential value of geek customers would never match this amount :eek:
     
  24. macrumors member

    GreatMightySymp

    Joined:
    Oct 8, 2013
    #24
    Can't wait till Google requires G+ to use it and allows your circles to change your settings unless you opt out. /s
     
  25. macrumors 65816

    SwiftLives

    Joined:
    Dec 7, 2001
    Location:
    Charleston, SC
    #25
    I disagree. One of Apple's greatest strengths is their ability to focus. And thermostats - or any home appliance - doesn't really fit with Apple's business strategy. (Admittedly, it would have been nice...)

    But with Google buying Nest - does this mean Google will know when we're at home? Or will they / could they use that data for marketing purposes? I hope we get some clear answers to those questions.
     

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