Deals
IPod Creator Fadell Sells Nest Helping Google in Rivalry
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Google Inc., after struggling to catch Apple Inc. in consumer gadgets, is turning to one of its rival’s top former executives to help narrow the gap.
Google said yesterday that it’s buying Nest Labs Inc., the digital thermostat maker led by Tony Fadell, a former Apple senior vice president, for $3.2 billion in cash. Fadell, 44, worked closely with Apple co-founder Steve Jobs in helping create the iPod and iPhone.