MURMER GADGET

Google acquired the designer and manufacturer of home products Nest Labs. The search engine giant paid $3.2 billion in cash for the Palo Alto-based company.  Founded in 2010, Nest brings modern design and functionality to ubiquitous home products. The company has a learning thermostat and a carbon monoxide & smoke detector currently on sale. Both gadgets connect with Android and iOS devices to enhance their usual functionality. Nest will continue to operate with its own brand, under the leadership of its founder and current CEO Tony Fadell. Google is yet to announce its plans for Nest Labs, though some sort of home implementation seems more than likely. The acquisition is expected to close in the next few months after the usual round of regulatory approvals.

The rumour of Lenovo wanting to buy Motorola was confirmed few hours ago and the deal finally went through.  Lenovo which is a strongly emerging Chinese computer company was making a bid to buy Motorola from Google few days back when the rumoured leaked. However, at the end of close of business yesterday, the company was able to successfully buy the handset unit of Motorola which also comes with portfolio of patents.  Lenovo paid Google $2.91 billion to acquire Motorola according to the info on Googles website which is really far away from what Google herself paid to acquire Motorola few years back ($12 billion).  Lenovo will pay cold cash to Google up front, which equates to $660 million, along with $750 million in stock, while the rest of the $1.5 billion will be paid out in the coming three years.   This may suggest a kind of loss by Google in this regard, however, Google doesnt see that way. Google had been experiencing difficulties in turning the Motorola hand...