Google to invest $450 million to acquire 6.6% stake in ADT

(Reuters) – Home security firm ADT Inc said on Monday Alphabet Inc’s Google would invest $450 million to acquire 6.6% stake in the company.

The companies will partner with each other to combine Google Nest hardware products with ADT’s installation, service and professional monitoring network, ADT said in a statement.

(Reporting by Subrat Patnaik in Bengaluru; Editing by Krishna Chandra Eluri)