Google Buys 'Smart' Appliance Maker

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The search giant announced it's buying connected device maker "Nest Labs" for 3.2 billion dollars in cash.

Nest develops "smart" home appliances like thermostats and smoke detectors that can program themselves and communicate with smartphones. Nest is led by former Apple designer Tony Fadell.

Google took a big step into the hardware business back in 2012, when it closed its acquisition of motorola mobility for $12.5-billion.

That purchase helped lay the groundwork for devices like the Moto x smartphone.

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