by Nick Statt, June 20, 2014 of CNET.com
Home automation company Nest Labs will acquire the video-monitoring startup Dropcam, which makes Web-connected home security cameras, in a deal worth $555 million in cash. The deal, signed Friday, has yet to close.
Nest will fold the company into its existing line of smart-home products, which currently includes the Protect smoke detector and Learning Thermostat. Dropcam’s products will now be under