(Reuters) – Home security company ADT Inc has secured more than $1.5 billion in investments from State Farm and Alphabet Inc’s Google, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Shares of ADT jumped nearly 18% in premarket trading.
ADT, Alphabet and State Farm did not immediately respond to Reuters’ requests for comment.
(Reporting by Tiyashi Datta in Bengaluru; Editing by Anil D’Silva)
