Google, Nest Agree to Buy Dropcam
Google, through its Nest subsidiary, has agree to buy Dropcam for $555 million, Recode reported Sunday.
The deal was carried out through Nest, and Dropcam "will be folded into Nest’s brand and company culture," the report said. A deal of this nature had been rumored last month.
The Dropcam team will move from San Francisco to Palo Alto.