Sunday, December 10, 2023
HometechnologyNest’s Tony Fadell on Why He Sold to Google: “Best of Both...

Nest’s Tony Fadell on Why He Sold to Google: “Best of Both Worlds”

Selling to Google was about getting the benefit of building on a larger company's infrastructure, said Nest co-founder and CEO Tony Fadell today.

Of course, $3.2 billion in cash was also a pretty good incentive.

"This is not a typical you-can-add-servers-to-it business, then it scales," Fadell said in an interview, right after the deal to buy the innovative smart-home device maker was announced. Being able to build on top of Google's infrastructure will allow Nest to continue to run as it is, the longtime entrepreneur and former Apple exec said.

Read the full story on Recode.

By Kara Swisher and Liz Gannes,

CNBC's parent NBC Universal is an investor in re/code's parent Revere Digital, and the companies have a content-sharing arrangement.


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