Nest Labs buys Dropcam, gains Linux-based surveillance cams
Jun 24, 2014, 06:00 (0 Talkback[s])
(Other stories by Eric Brown)
Nest Labs is buying Dropcam for $555 million, and will integrate Dropcam's Linux-based surveillance cameras into its own Linux-based home automation system. Nest's deal to acquire Dropcam for $555 million was revealed by Recode and confirmed in a Nest blog post by co-founder Matt Rogers. The acquisition follows Nest's own acquisition by Google for $3.2 billion, announced back in January.