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Google acquires Nest for $3.2 billion

A Nest display at a local home improvement store.

If you're selling a successful startup these days your price tag should have several billion dollars on it. That seems to be the going rate these days. Smart thermostat maker Nest was acquired by Google yesterday for $3.2 billionNest's CEO Tony Fadell once worked for Steve Jobs designing iPods, and now his direct boss will be Google's Larry Page.

Nilay Patel, managing editor of The Verge, joins Marketplace Tech host Ben Johnson to discuss. 

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Ben Johnson is the host of Marketplace Tech.

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