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Google’s $3.2 billion Nest acquisition is now final

Google said in a regulatory filing this morning that it had closed its acquisition of Nest on Feb. 7.

The $3.2 billion cash deal brings the smart thermostat and smoke detecting hardware company and its team — led by Apple's former iPod head, Tony Fadell — into the Google fold. At Google, Fadell is reporting directly to Larry Page.

A quick finalization was expected after the Federal Trade Commission fast-tracked its approval last week.

Read the full report on Recode.


By Liz Gannes, recode.net.

CNBC's parent NBC Universal is an investor in re/code's parent Revere Digital, and the companies have a content-sharing arrangement.

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  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

Re/code

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

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