Google buys smart thermostat maker Nest for a cool $3.2B

Google has acquired Nest, a company that makes a home thermostat that can be programmed from people’s mobile phones, for $3.2 billion in cash, Google said on Monday.

The founders of Nest, Tony Fadell and Matt Rogers, “have built a tremendous team that we are excited to welcome into the Google family,” Google CEO Larry Page said in a statement.