Jan 14th 2014, 16:11, by Nilay Patel
Google's bombshell $3.2B acquisition of connected-home company Nest Labs makes simple sense on paper: Nest CEO Tony Fadell says he'll gain the ability to scale his business without worrying about cash or infrastructure, while Google gets a company at the leading edge of the difficult smart-home market and a team skilled in building well-designed products that combine hardware, software, and services. (And how: before Nest, Fadell and co-founder Matt Rogers led the iPod and iPhone teams at Apple.) It's a win-win, and Nest's investors sound ecstatic. "It's a fantastic return," Lightspeed Venture Partners' Peter Nieh told The Wall Street Journal.
But outside of the players directly involved in the deal, there was a second, more visceral...
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