Google, ADT partnering on home security products
Google is pairing its Nest smart home technology with ADT and buying a stake in the home security company. Googles Nest hardware will be integrated at ADT, which does system installations and monitoring. ADT plans to begin offering Google devices to its customers starting this year. Shares of the company, based in Boca Raton, Florida, spiked 85% before the opening bell Monday. Google will invest $450 million in ADT in exchange for newly created Class B shares that come with no votes in company elections, appointments, or removal of directors.