December 2, 2020

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Google to buy stake in ADT in $450M Google Nest security deal

Announced on Monday morning, the deal, worth $450 million, will establish a long-term commitment to...

Announced on Monday morning, the deal, worth $450 million, will establish a long-term commitment to partnership with ADT and will give Google a 6.6% share of the company.

The move will combine Google Nest’s hardware with ADT’s installation, service, and monitoring. Google Nest customers will be offered both DIY and professionally installed security services.”We’re excited to partner with ADT to further our mission of building helpful devices for the home,” said Rishi Chandra, GM and Vice President of Nest.

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