Boston, MA 02/06/2014 (wallstreetpr) – Google Inc (NASDAQ:GOOG) can now get the team it acquired through Nest for about $3.2 billion down to work, at least much sooner than earlier thought. The Federal Trade Commission or FTC has approved the search engine company’s acquisition of Nest ahead of the usual 30 days waiting duration for such approvals.
In many acquisitions, and Google Inc (NASDAQ:GOOG) has done plenty of such deals, regulatory approvals always come as the chief headache for the companies involved. Yet, Google Inc has found it very smooth this time around.
Usually, regulators require a lot more time, typically 30 days, to look into issues such as antitrust laws and such, just to be sure that everything is done fairly and above board. At least it was easy to scrutinize the fine prints of Google-Nest deal, or it seems with the fairly quick approval from FTC.
With one big issue now laid, all eyes are set on seeing what Google Inc (NASDAQ:GOOG) does with Nest – the product and the team. As usual, Google can sometimes keep people guessing, yet it is always worth the wait, anyway.
What about Nest?
Nest which now joins Google Inc (NASDAQ:GOOG) in a $3.2 billion deal, quite a significant sum, is an expert in home automation. The company is well known for its automated thermostats. The team that created Nest was mostly drawn among those who developed iPod and iPhone at Apple Inc (NASDAQ:AAPL). A lot of Nest products are still sold on Apple Stores.
Availability of Nest products for iOS and Android users will obviously remain uninterrupted given that just like Motorola Mobility, Google Inc (NASDAQ:GOOG) is playing smart with Nest acquisition. The team is going to run independently and this means that users will continue accessing their Nest thermostats from various mobile devices platforms.
In all likelihood, in acquisition of Nest, Google Inc (NASDAQ:GOOG) was after the team, not the products. Perhaps this explains why Google CEO Larry Page said that they are excited to welcome Nest founders Tony Fadell and Matt Rogers, a tremendous team, into Google family. And then he left no doubt about what the company is up to by saying, “We are excited to bring great experiences.”
Scouting for Hardware Talents
That Google Inc (NASDAQ:GOOG) gave up on Motorola Mobility, selling the same to Lenovo, has left many wondering if the company was serious making a bid in mobile market. Well, it could be that it was a calculation-gone-wrong when taking over the loss-making Motorola; yet, you should not forget that Motorola Advance Technology team remained with Google.
So then, maybe, just maybe, Google Inc (NASDAQ:GOOG) could be plotting something very big in hardware market and the upcoming wearable Google Glass might just be the tip of the iceberg.
