Google purchased Nest back in 2014 for $3.2 billion, and since 2015, it has operated as its own subsidiary under the corporate Alphabet umbrella. However, it was announced today that Nest will be “coming home” by rejoining the Google hardware division.
The announcement was made by Google Hardware SVP Rick Osterloh and Nest CEO Marwan Fawaz,

Source: Hot Hardware – Nest Makes Return To Google Mothership For AI-Infused Smart Home Devices