Google and Nest Acquire Dropcam for $555 million

PALO ALTO, CA – June 20, 2014 Last month, Nest announced its agreement to acquire Dropcam for $555 million in cash. This acquisition comes just a few months after Nest themselves were acquired by Google, meaning that the Google vs. Apple home automation showdown continues to heat up. Google adding Dropcam to its arsenal is another exciting volley in the battle over your…
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