ADT Draws More Than $1.5 Billion of New Investments From State Farm, Google

ADT has secured investments totaling $1.5 billion from State Farm and a partnership geared toward increasing the safety firm’s buyer base and enhancing risk-mitigation for insured householders, the businesses mentioned.

Beneath the deal, which was reported earlier by The Wall Road Journal, State Farm will spend $1.2 billion to purchase 133.3 million ADT shares, or about 15% of the corporate. That represents a share worth of $9, above ADT’s Friday shut of $7.21.