Google to buy 6.6% stake in home security firm ADT for $450 million

Topics Google | Alphabet Inc | Stake sale


Alphabet Inc's Google is buying a 6.6% stake in home security firm ADT Inc for $450 million in a deal that will allow it to provide service to customers of its Nest home security devices.

ADT said on Monday the companies will work to combine Nest products like cameras, thermostats, doorbells and alarm systems with ADT's installation, service and professional monitoring network. ADT expects to offer certain Google devices to its customers beginning this year and to expand the integration in 2021. Google will receive.....

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