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US: Experts consider chances for Google’s Nest buy

 |  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.

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

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