Nest to Acquire Dropcam for $555 Million
 

Nest to Acquire Dropcam for $555 Million
http://rack.2.mshcdn.com/media/ZgkyM...ces-2014-1.jpghttp://rack.3.mshcdn.com/assets/feed...013aed8d66.jpghttp://rack.1.mshcdn.com/assets/feed...3b7fd07c38.jpg
Nest is acquiring Dropcam for $555million, the companies an**unced Friday

The companies are two of the most high-profile manufacturers in the connected home market. Nest Labs, producers of the connected thermostats and ***** detectors, was acquired by Google earlier this year for more than $3 billion

Dropcam makes wifi-enabled home security cameras.

See also: Picking Sides: Will You Live in an Apple or Google Smart Home?


The $555 million deal was an all-cash acquisition, the Wall Street Journal reported.

"Before deciding to extend an offer to Dropcam, we spent a lot of time looking at camera companies and tech**logies around the world," Nest founder Matt Rogers said in a blog post an**uncing the deal Read more...

More about Google, Gadgets, Tech, Dropcam, and Nesthttp://ad.doubleclick.net/ad/mash.to...ord=1403311895http://feeds.feedburner.com/~r/Mashable/~4/WudVu0R3n74