Google buys $450M stake in ADT to give Nest a new perch San Ramon
Google is paying $450 million for a nearly 7% stake in longtime home and business security provider ADT Inc, a deal that will open new opportunities for one of the internet’s most powerful companies to extend the reach of its Nest cameras and voice-activated voice assistant.
As part of the partnership announced Monday, ADT will use Nest’s internet-connected cameras, as well as another device called the Nest Home Hub that comes with an internet-connected camera, as part of its customers’ security systems.