Google already owned the thermostat producer through its ventures investment arm. The only thing Google is doing is taking ownership of the name and pumping Google currency(1137 per share) into the deal.

Google up 17.49....lol

Thing is, an inside purchase like this, they're going to want to turn Google shares into cash...and IMO, it doesn't necessarily mean into operating capital for NEST, Google will have control of the cash....and there are questions of 3 billion being justified for this so called purchase.

doni