Google’s Nest to buy Dropcam for $555 mln

Posted by Mike Confino, June 22, 2014

The dropcam HD Wi-Fi Video Monitoring Ca

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.

The deal was signed on Friday and is yet to close, according to the report by Recode.net. (Recode: on.recode.net/1lGtOi8)

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.

via Google’s Nest to buy Dropcam for $555 mln -report | Reuters.

  1. CinemaVerdeFest Says:

    Google’s Nest to buy Dropcam for $555 mln: Dropcam, the home-monitoring camera startup, will be bought by Google… http://t.co/6ugosrcHm2

  2. TrishRiley Says:

    Google’s Nest to buy Dropcam for $555 mln: Dropcam, the home-monitoring camera startup, will be bought by Google… http://t.co/N5QsywS7k5

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