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| June 21, 2014
Google's Nest Acquires Home Security Startup Dropcam For $555 Million
The Google-owned Nest Labs is set to purchase Dropcam for $555 million in cash. Late last month, it was reported that the smart thermostat and smoke detector maker was planning to enter the home security market by acquiring the popular connected-camera startup. Now, it turns out that the deal has been signed, with the San Francisco-based Dropcam team planning to move to Nest's Palo Alto offices. Re/code has the story: