Google-owned Nest Labs signs acquisition agreement with Dropcam worth $555 million

23 Jun 2014

The agreement has been signed for $555 million in cash

Google-owned Nest Labs, Inc. (nest.com) announced recently that it has entered into an agreement to buy Dropcam for $555 million in cash, subject to adjustments. The transaction is subject to customary closing conditions, including the receipt of regulatory approvals in the US.

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