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Google buys 'smart' thermostat maker Nest for $3.2 bn

Larry Page, Google co-founder and CEO, speaks during the opening keynote at the Google I/O developers conference on May 15, 2013 in San Francisco, CaliforniaGoogle on Monday announced that it is buying smart thermostat start-up Nest in a deal valued at $3.2 billion. "They're already delivering amazing products you can buy right now -- thermostats that save energy and smoke/CO alarms that can help keep your family safe," Google chief executive Larry Page said in a press release.