Google acquires Nest for $3.2 billion
If you’re selling a successful startup these days your price tag should have several billion dollars on it. That seems to be the going rate these days. Smart thermostat maker Nest was acquired by Google yesterday for $3.2 billion. Nest’s CEO Tony Fadell once worked for Steve Jobs designing iPods, and now his direct boss will be Google’s Larry Page.
Nilay Patel, managing editor of The Verge, joins Marketplace Tech host Ben Johnson to discuss.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
