ADT Corp. (ADT) Confirms Partnership with State Farm, Google

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Go back to ADT Corp. (ADT) Confirms Partnership with State Farm, Google

ADT Announces Partnership With State Farm, Plans Innovative Offering That Combines Security, Risk Mitigation and Smart Home Capabilities to Revolutionize the Customer Experience

September 6, 2022 8:30 AM EDT

New integrated offering aims to deliver substantial customer value with smart home technology to detect and mitigate losses related to water, fire, intrusion and other homeownership-related risks

State Farm to invest $1.2 billion in ADT at $9.00 per share, acquiring approximately 15% of the company

Additionally, State Farm will invest up to $300 million in an opportunity fund to support product innovation, technology and marketing that seeks to differentiate and improve the customer experience for homeowners

Google commits an incremental $150 million into a success fund... More