Posts Tagged ‘purchase’

Google Purchases Nest Labs for $3.2 Billion

Nest

Nathan Ingraham of The Verge reports, “Google has just purchased Nest Labs, the maker of the Nest Learning Thermostat and Protect smoke detector, for $3.2 billion in cash. According to a Google press release, Nest will continue to operate independently under the leadership of co-founder and CEO Tony Fadell; co-founder Matt Rogers will also make the move to Google. While the transaction is subject to the usual regulatory review, Google says it expects the sale to close within the next few months. Google Ventures had already invested over $100 million in Nest, so the company has been on Mountain View’s radar for some time now. It’s not yet clear exactly how Google plans to use Nest, but the company obviously sees it as an important part of its future. A combination of Nest’s home solutions coupled with Google’s language recognition could give Google its strongest path yet into your home.” Read more

Google Purchases 217 IBM Patents

Google has purchased over two hundred IBM patents including one patent for a semantic social network. Peter Pachal reports, “While the patents cover a variety of topics, one in particular could give the search giant a new tool for its social network, Google+. The patents cover many different technologies, but they mainly deal with data services like email management, online calendars and transferring web apps between devices. The patent grab, first reported by SEO by the Sea, potentially serves two purposes: providing avenues to develop new products, and providing ammunition in litigation.” Read more

Walmart Buys Kosmix for $300M

According to a recent article, “Wal-Mart Stores paid just over $300 million in cash for Kosmix. The six-year-old Mountain View, Calif.-based company–which has built a social media platform that organizes content by topic–has raised $55 million from a large group of Silicon Valley venture firms… Kosmix will join the newly formed @WalmartLabs.” Read more