Nest is acquiring Dropcam for $555 million
Google’s Nest has just announced that it’ll be purchasing IP camera company Dropcam for $555 million. Apparently Nest is acquiring the firm on its own without the assistance of Google, its parent company, and will be incorporating Dropcam into the Nest brand. Dropcam makes one of the more popular WiFi surveillance cameras on the market, and most recently released an advanced Pro version for $199 late last year.
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