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Thrive Holdings agrees to take ADT private in $7.6 billion cash deal
Techmeme, citing Axios, and Reuters reported Thrive Holdings will buy home-security company ADT in an all-cash deal valuing equity at about $7.6 billion.
- The Verge is now reporting this
Thrive Holdings has agreed to acquire U.S. home-security company ADT in an all-cash take-private deal that values ADT's equity at about $7.6 billion, according to a Techmeme roundup of Axios reporting and a Reuters headline1,2.
Techmeme said the cash price is about a 46% premium to ADT's closing share price on Oct. 271.
Reuters described ADT as a residential security firm and put the same $7.6 billion figure on the deal; the full Reuters article was not readable behind a paywall2.
Neither outlet's accessible text stated a per-share price, an expected closing date, or financing details1,2.
What remains unknown from the two assigned sources includes regulatory conditions, any go-shop period, and comments from ADT's board or Thrive Holdings1,2.
Sources
How it’s being reported
3 sourcesFirst reported by Reuters
Thrive Holdings agrees to acquire ADT in an all-cash take-private deal, valuing ADT at ~$7.6B in equity value, a ~46% premium over its October 27 closing price (Claire Rychlewski/Axios)
The ~46% premium to ADT's Oct. 27 close and all-cash take-private structure.
Roundup of Axios reporting that Thrive Holdings will take ADT private in cash at about $7.6 billion equity value.
Leaves out Enterprise value, per-share price and expected close date, which were not in the Techmeme blurb.
Thrive Holdings to buy ADT in deal valuing residential security firm at $7.6 billion
Leads with a figure in the headline.
Joshua Kushner’s Thrive Holdings is acquiring ADT for $7.6 billion
Leads with a figure in the headline.
The Joshua Kushner-led Thrive Holdings is acquiring ADT in an all-cash deal valued at $7.6 billion. The deal is expected to close in the first quarter of 2027 and will take ADT private, as reported…
Where they agree
- Thrive Holdings is buying ADT.
- The equity value cited is about $7.6 billion.