Google’s Nest acquisition is now official and complete

February 12, 2014

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Nest_Thermostat_Chrome_Logo

As Google moves from smart phones to smart homes, their recent acquisition of Nest is now official and complete according to a recent SEC filing. Google reports the transaction closed on February 7, 2014. That was the same day that news broke that the FTC had approved the deal well ahead of the typical 30 day window for anti-trust law compliance reviews. Google's acquisition of Nest for $3.2 billion was first announced on January 13th, so less than a month later they have already closed.

While Google has moved quickly to wrap up the acquisition of Nest, it remains to be seen whether they will move just as quickly to develop and deploy new hardware to consumers.

source: Securities Exchange Commission
via: Engadget

Jeff Causey Author

Raised in North Carolina, Jeff Causey is a licensed CPA in North Carolina. Jeff's past Android devices include an HTC EVO, a Samsung Note II, an LG G3, and a Motorola Moto X Pure Edition along with a Samsung Galaxy Tablet 10.1. He currently uses a Samsung Galaxy S8 and (very rarely) a Nexus 7 (2013). He is also using a Verizon-branded Motorola Moto Z Play Droid supplied by his job. Jeff used to have a pair of Google Glass and a Moto 360 Sport in his stable of gadgets. Unfortunately, his kids have all drunk the Apple Kool-Aid and have i-devices. Life at home often includes demonstrations of the superiority of his Android based devices. In his free time, Jeff is active an active runner usually training for his next marathon, owns a Mazda MX-5 Miata, and plays Dungeons & Dragons. Jeff has three grown kids and a golden retriever.