Google gains entry to home and prized team with $3.2 billion cash purchase of Nest
By Alexei Oreskovic and Poornima Gupta
SAN FRANCISCO (Reuters) - Google Inc took its biggest step to go deeper into consumers' homes, announcing a $3.2 billion deal to buy smart thermostat and smoke alarm-maker Nest Labs Inc, scooping up a promising line of products and a prized design team led by the "godfather" of the iPod.
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