Nest had been close to completing a funding round of upward of $150 million that would have valued it at more than $2 billion, Re/codereported earlier this month. That round never closed, because Google swept in with its huge offer. Sources familiar with details of the acquisition said that Google was the only serious bidder and Apple was not in the mix.
I get the feeling from the extremely sarcastic comments on Twitter that Google just pushed themselves way beyond the creepy line. Being on your phone gathering data is one thing: being in your home gathering data is quite another.