Google has agreed to acquire thermostat and smoke alarm maker Nest Labs for $3.2bn (£1.95bn) in cash. Nest Labs was founded in California in 2010 by two former Apple executives, Tony Fadell and Matt...
The deal is expected to face regulatory challenges due to potential antitrust implications
The regulator is seeking comments on the impact of the deal on competition in the UK
The company is betting $28 billion on remote working
OneWeb's emergence from bankruptcy means buyout by the UK government and Bharti Global can go ahead.
Both firms expect the deal to close at the end of 2021