Why Google Re-Integrating Nest Makes Perfect Sense
It's now been just over two years since Google restructured as Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), in an effort to simultaneously ensure autonomy for its moon-shot bets while also providing investors with greater transparency into how those bets are going. Of all the subsidiaries that were placed into the "Other Bets" category, Nest was among the more meaningful. Google acquired Nest in 2014 for $3.2 billion, which was among the main revenue generators within Other Bets.
It now seems that Alphabet and Google are thinking about moving Nest out of Other Bets and putting it back under Google's umbrella, according to The Wall Street Journal.
Nest Cam IQ Outdoor. Image source: Getty Images.
Source: Fool.com
