https://qz.com/1201600/nest-is-leaving-alphabets-other-bets-and-being-folded-back-into-google-goog/

Nest is returning to the, erm, nest.

The internet-connected devices company bought by Google for $3 billion in 2014 will be folded back into Google, the company announced today (Feb. 7). Since Google reorganized into Alphabet in 2015, Nest has existed as a separate company within Alphabet’s “Other Bets”—a group of companies that essentially aren’t Google, but that Alphabet thinks could one day be as important as Google.