On Monday, Alphabet and ADT Inc companies announced a long-term partnership agreement.
According to the press release, as a result, will be “a combination of award-winning Nest equipment and services based on Google machine learning technology, with a network of ADT installation, service and professional monitoring for creating a “smarter home” and integrated experience for customers across the United States. ”
Shares of ADT doubled on Monday, reaching a 52-week high with increase of 56.56% regarding the closure of trading. Alphabet Shares declined slightly.
The agreement provides for an investment of $ 450 million by Alphabet in exchange for receiving 6.6% of newly created ordinary shares of ADT class B without voting rights on the Board of Directors. The expected completion date of the agreement with the end of quarter.
According to the report: “Each company will provide an additional $ 150 million, if the achievement of certain stages will be used for joint marketing, product development, technology and staff training to develop the partnership. ”
The partnership is beneficial to both companies. ADT partner gives Google a reputable expert in the security and “smart home” market that will offer customers a comprehensive integrated solution.
ADT is one of the oldest companies in the industry providing electronic security services for residential, small and large businesses, fire protection and other alarm monitoring services throughout the United States, with more than 20,000 professionals.
In the future, it is the promise for growth of Google’s hardware division and greater competition with similar products from Amazon, SimpliSafe and other companies.
Through a partnership with the technology giant, ADT is gaining investment and expansion opportunities.
ADT reported that in company plan: to offer certain Google devices to own customers, starting this year and expand integration in 2021.”
On Thursday, Amazon announced the release of its updated smart glasses Echo Frames starting on December 10. Now everyone will be able to buy it. The new product from Amazon for $ 250 will go on sale just before the holiday weeks, which is a good time to start the release. Analysts and market experts […]
IT giant Google and Singapore’s state-owned investment company Temasek have invested in Indonesia’s largest online store Tokopedia, writes Nikkei Asian Review. The amount of investments is not disclosed. In October, Bloomberg reported that Tokopedia was going to raise about $ 350 million from Google and Temasek. This is Google’s second investment in the Indonesian unicorn. […]
The French company has developed an augmented reality application for digital makeup. The Signature Faces application allows you to apply filters to your face in real time. “We believe that everyone is beautiful by themselves, but in a world where the camera is always on, it’s normal to want to “play” with filters. We want […]
Shares of Zoom and other companies, which rose amid the pandemic and lockdown, fell in trading on Monday. The reason was the announcement of two biotechnology companies about the successful testing of a promising vaccine, writes CNBC. Shares of the Zoom video conferencing service fell 17.4% by the end of the trading day. Amazon and […]
Shares of Amazon, which rose by 73.8% since the beginning of the year (more than the growth of Apple, Microsoft, Google and Facebook), fell 2% after closing trading on Thursday, when the company released a report for the 3rd quarter, which ended September 30. Amazon set a new revenue record, e-commerce increased sales by 57% […]
Shares of Alphabet, which rose 18.2% over the past 6 months, rose 9% after closing trading on Thursday when the global advertising giant announced significant improvements in the reporting quarter. Google’s parent financial report far exceeded analysts’ expectations and showed a resumption of advertising revenue growth after reporting a drop in revenue for the first […]
According to trading data, securities of the microblogging service Twitter Inc. after the close of the main trading session in the US fell in price by more than 17%, also according to financial statements, in the red were the shares of US technology giants Amazon, Apple and Facebook, only Alphabet reporting pleased investors. Thus, shares […]
Apple has intensified work on its own search service, which will become a competitor to Google, writes the Financial Times, citing interlocutors in the mobile industry. One of the signs of this, the interlocutors called the fact that after updating the iOS operating system, Apple began to show its own search results and provide direct […]
Respectively to technical documents published on the website of the US Patent and Trademark Office, Apple engineers suggest using electromechanical materials for protecting electronic devices. The “smart” case will read electric and magnetic fields and change the properties at operation of certain triggers. The case itself will consist of the main body, processor, magnetic circuit […]Next
Zaporizhzhya NPP connected Unit №2 to the power system of Ukraine. This was reported by the press service of NNEGC Energoatom. “On November 22 at 9:07 pm, after the completion of the average planned and preventive repairs, Unit №2 of Zaporizhzhya NPP is connected to the power system. Power is being set. There are no […]Next
Prosecutor General Iryna Venediktova has reconciled three suspicions with former officials of PrivatBank, the press service of the Prosecutor General’s Office reports. Thus, the notification on the change of the previously reported suspicion to the former chairman of the bank’s board, the former deputy chairman of the board and the former head of the interbank […]Next
The European Bank for Reconstruction and Development (EBRD) intends to invest in a number of important projects in Ukraine, including the modernization of transport infrastructure and the energy sector. This was discussed during a meeting between Finance Minister Serhiy Marchenko and EBRD President Odile Reno-Basso, the press service of the Ministry of Finance reports. Odile […]Next
Pechersk District Court of Kyiv satisfied the petition of the Main Investigation Department investigators of Natspolitsiia and arrested the property of the former ruler of PJSC City Commercial Bank (CityCommerce Bank). Such a decision the court took on January 12 this year. According to the document, the former ruler of the bank is suspected of […]Next
Allseeds group companies challenged in court the decision of the Vizirskyi village council (Odessa region) on the allocation of land for the berths of the “Energo Products Co., Ltd.” company (Odessa) in the Yuzhny sea port. The Comintern District Court of Odessa region (included in Allseeds Group) decided to suspend the decision on the suit […]Next
In the second quarter of 2020, the Anglo-Dutch oil and gas corporation Royal Dutch Shell will write down assets worth up to $22 billion on new oil and gas price forecasts. This was reported in the press release of the company. Shell revised its medium- and long-term price forecasts, reflecting the expected effects of the […]Next
Google has updated its application store policy: the corporation makes it mandatory to use its payment system for digital purchases on the Google Play. The new rules will take effect in a year, on September 30, 2021. The update of the usage policy means that in a year application developers will not be able to […]Next
In Ukraine it may soon be a new bank, whose founders will be the Arab leaders of business – community. About this initiative, which sounded Ukrainian-Arab Business Council, informs UNIAN source. This proposal of Council was strongly supported by the authorized persons of the National Bank and the Cabinet. The ofmeeting of business circles of […]Next
Internet service Preply, that was designed for searching of local and online tutors, announced the release to the Brazilian market. For this purpose, the company made a localization to Portuguese, implemented the accepting of payments in reais, and hired a Brazilian student Lucia in Kiev office. Her responsibilities will include support for tutors in the […]Next
Visa signs partnership agreement with FTSE250 TBC Bank’s Space, the first Georgian neobank, to develop innovative banking solutions in Georgia and beyond in the growing digital payments landscape. TBILISI, 14 November 2019 – Visa, the world’s leader in digital payments, and Space, the first fully digital bank in Georgia, today announced they have signed a […]Next
The National Bank of Ukraine plans to sell PrivatBank. Its privatization, the NBU believes, may be of interest to the most prestigious international investors, as the Ukrainian banking sector has potential. The head of the NBU Kirill Shevchenko in an interview with GlobalCapital stated this. “Our banking sector has significant potential for international investors. We […]Next
The American company Walt Disney stated that it is experiencing a number of economic problems due to the coronavirus pandemic, as the result of which it is forced to lay off 28,000 employees in the United States. This was reported by Bloomberg. “No matter how frantic this step is, this is the only possible option […]Next
The American company Pfizer and the German BioNTech announced that their vaccine against COVID-19 is 91.3% effective for at least six months after the second dose of the drug. “Pfizer and BioNTech today announced updated results of an analysis of 927 confirmed symptoms of COVID-19, which were monitored in a key third phase of the […]Next
Media Group will provide from 10 000 euros to 500 000 euros, depending on the stage of development of the project. One of the world’s largest media group Publicis decided originally to commemorate the 90th anniversary: to finance 90 StartUps from around the world, including Ukraine, – writes AIN. As the newspaper writes, the […]Next
Hungarian airline Wizz Air reduces the number of flights from Ukraine in the winter flight schedule. This was reported by lowcostavia. Dozens of flights from Ukraine were reduced – 12 routes are canceled by March 2021, even more destinations are temporarily suspended until the end of October. Flights from all cities of Ukraine have changed. […]Next