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Google to invest US$450m to acquire 6.6% stake in ADT

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Home security firm ADT said on Monday Alphabet's Google would invest US$450 million to acquire 6.6 per cent stake in the company.

[CALIFORNIA] Home security firm ADT said on Monday Alphabet's Google would invest US$450 million to acquire 6.6 per cent 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. 

REUTERS

 

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