A PYMNTS Company

US: Experts consider chances for Google’s Nest buy

By  |  January 15, 2014

Just days after Google announced a deal to acquire home appliance conglomerate Nest for $3.2 billion, experts are now looking at whether federal officials will approve of the acquisition.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The deal marks Google’s second-largest buyout in the company’s history, say repots, and will expand Google’s portfolio into the so-called “smart home” industry, which uses innovative technology to run households.

    According to Nathan Newman of the NYU Information Law Institute, the deal should be blocked by antitrust regulators, arguing the acquisition will place more data in the hands of Google, therefore strengthen its already dominant position in the search market.

    Google is currently under investigation by EU authorities for such dominance.

    Full Content: Huffington Post

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.