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

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Google extends work-from-home order to summer 2021

(Reuters) – Home security firm ADT Inc <ADT.N> said on Monday Alphabet Inc’s <GOOGL.O> 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)

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