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Season 2, Episode 3: Nest
Acquired
Google Acquiring Nest for $3.2 Billion
Nest, a company that makes smart thermostats, was acquired by Google for $3.2 billion in cash. The terms of the deal are pretty interesting; Nest is to remain wholly independent. Tony's going to remain CEO, the management team, Matt and yoga and everybody else are going to stay independent. But they announced they're very clear. This is going to be YouTube.
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