(credit: Nest)
After what seemed like a big shakeup at Nest, with CEO Tony Fadell leaving the company to take on an "advisory role" at parent company Alphabet, a sale seemed like a possibility for the smart home company. An internal Nest memo obtained by The Verge says that's not the case, though. The new CEO, Marwan Fawaz, has addressed his employees to say that Alphabet won't be selling Nest.
In Fawaz's previous stint at Google, he ran Motorola's "Home" division (it made cable boxes) for a whopping six months before it was sold off to Arris. There's been lots of speculation (including here at Ars) that Fawaz would do the same job at Nest—move in, assess things, and put up a "For Sale" sign.
In the memo, Fawaz says "My only agenda for Nest is to scale and grow with innovative products. Nest is not for sale, and scaling and innovation aren’t mutually exclusive."
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