GOOGLE INVESTS $ 450 MILLION IN A SMART HOUSE SECURITY COMPANY
Google has decided to invest $ 450 million in the American company ADT.
ADT offers solutions in the field of electronic security systems, such as security systems for “smart homes”.
“ADT and Google today announced that they are entering into a long-term partnership to create the next generation of smart home security proposals,” the company said.
As part of the partnership, Google will buy a 6.6% stake in ADT for $ 450 million. The companies will invest another $ 150 million in the development of their next products, as well as in technology development and staff training.