Google’s $3.2 Billion Acquisition Of Nest Gets The FTC Green Light
The United States Federal Trade Commission Thursday officially granted permission for Google to acquire Nest. Google first announced its plan to acquire Nest for $3.2 billion in cash, back on January 13. According to TechCrunch, Google now plans to position Nest’s technology and team as its “core hardware group.” Two weeks after announcing plans to acquire Nest, the search engine giant sold off its Motorola Mobility segment to Lenovo for $2.9 billion .
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