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Google to spend $450 million to buy stake in ADT in home security push

Google to spend $450 million to buy stake in ADT in home security push

Google, owned by Alphabet Inc., is poised to pick up a 6.6 percent stake in ADT Inc for about $450 million. Google aims to bet on the company’s strong customer base and a large number of technicians to drive sales of its Nest devices. The announcement drove ADT share prices to nearly double their original value, and they hit a high of $17.2.

Chris
Chris
General Zap
General Zap 1 months

Home spyware is more like it. This disgusts me.

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