Google is reabsorbing Nest, the smart home company it bought for $3.2 billion in 2014

Nest is no longer a separate company under Alphabet

Alphabet’s smart appliance company Nest is being spun back into Google, the companies announced Wednesday.

The move is the first time one of Alphabet’s so-called Other Bets should no longer stand alone, and calls into question why it was run as a separate business in the first place. Generally speaking, Alphabet pursues a broader strategy of launching a smattering of independent tech companies in hopes of finding the next big thing outside Google’s massively profitable online advertising business.

Source: Google is reabsorbing Nest, the smart home company it bought for $3.2 billion in 2014

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