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06-21-2014, 04:51 AM
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Nest to Acquire Dropcam for $555 Million
   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 5 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 Nest 
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