Google and ADT are teaming up to go after the burgeoning smart-home market. In a partnership announced Monday, Google said it will invest $450 million for a 6.6 percent stake in the security giant. In exchange, Google will receive access to about 6.5 million of ADT’s customers to drive sales of Nest products. ADT, meanwhile, will get the backing of a Silicon Valley heavyweight as it competes against tech-driven security solutions. Although the companies said
source https://therealdeal.com/2020/08/05/why-google-bet-450m-on-adt/
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