ADT Corp. (ADT) Secures Over $1.5 Billion in New Investments From State Farm and Google
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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 EDTNew 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
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 EDTNew 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... More
