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Google's Nest To Buy Dropcam For $555 Million: Report


Ron Burgundy
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A Google logo is seen at the garage where the company was founded on Google's 15th anniversary in Menlo Park, California(Reuters) - Dropcam, the home-monitoring camera startup, will be bought by Google Inc's Nest Labs for about $555 million in cash, a technology news website reported on Friday. Nest confirmed the acquisition in a blog post on Friday, but did not specify the price tag. Neither Google nor Dropcam were immediately available for comment. Dropcam plans to move from San Francisco to Nest’s offices in Palo Alto, California, Recode wrote.




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