Google’s Nest to acquire Dropcam in $555M all-cash deal

Nest, now owned by Google, has revealed that it is buying Dropcam, a smart home-monitoring camera. The deal for the company cost Nest $555 million in cash, and will see the Dropcam team moving to Nest’s Palo Alto headquarters. Despite the fact that it is now owned by Google, Nest co-founder Matt Rogers says that the team behind Dropcam will be “indoctrinated” to Nest privacy policies, which — currently — are far more strict than those of Google. Critics, however, are skeptical….

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