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Nest and Dropcam Sign Acquisition Agreement - Nest announced that it has entered into an agreement to buy Dropcam for $555 million in cash, subject to adjustments - Nest.com
Nest and Dropcam Sign Acquisition Agreement

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2014/06/20 - Nest announced that it has entered into an agreement to buy Dropcam for $555 million in cash, subject to adjustments - Nest.com.

   
 
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Nest announced today that it has entered into an agreement to buy Dropcam for $555 million in cash, subject to adjustments.

Nest Labs, Inc. announced today that it has entered into an agreement to buy Dropcam for $555 million in cash, subject to adjustments.

The transaction is subject to customary closing conditions, including the receipt of regulatory approvals in the US. For more information, visit the Nest blog.

About Nest

Nest (nest.com) reinvents unloved but important home products, like the thermostat and smoke and CO alarm. The company focuses on delighting customers with simple, beautiful and thoughtful hardware, software and services. The Nest Learning Thermostat™ and Nest Energy Services offerings address home energy consumption, and Nest Protect: Smoke + Carbon Monoxide™ helps keep people safe. Nest products are sold in the U.S., U.K. and Canada, and are installed in more than 120 countries.

 
 
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Written by / Agency / Source: Nest Labs

 
 

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Nest and Dropcam Sign Acquisition Agreement

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Nest | Dropcam
Publisher Contact: Press Office - Nest.com 
650-561-4089 press[.]nest.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Nest Labs securities in any jurisdiction including any other companies listed or named in this release.

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