Thursday, November 30, 2017

Google reportedly wants to absorb Nest into its hardware division

Nest, maker of home automation and security devices, was purchased by Google in 2014 for $3.2 billion in cash. The company remained a Google subsidiary until 2015, when Google restructured and created a parent company for itself called 'Alphabet.' Nest and Google became sister companies under Alphabet, along with other former Google subsidiaries (like Waymo and X).

A new report from The Wall Street Journal claims that Google wants to absorb Nest into its hardware division, due to increased competition from Amazon.

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Google reportedly wants to absorb Nest into its hardware division was written by the awesome team at Android Police.



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