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Thrive Holdings agrees to buy ADT in $7.6 billion deal
TechCrunch reports Thrive Holdings, the OpenAI-linked Kushner holding company, will buy ADT at $10 a share, about $7.6 billion in equity and $15.3 billion enterprise value.
- New headline Was: “OpenAI-backed Thrive Holdings acquires ADT”
- Our desk filed its story
- New headline Was: “Thrive Holdings agrees to take ADT private in $7.6 billion cash deal”
- TechCrunch is now reporting this
- The Verge is now reporting this
Thrive Holdings, the Joshua Kushner-led holding company that partners with OpenAI, agreed Thursday to buy home-security company ADT at $10 a share, or about $7.6 billion in equity, TechCrunch reported, citing the companies1. ADT put the transaction’s enterprise value at $15.3 billion1.
Techmeme, citing Axios, described the transaction as an all-cash take-private at about $7.6 billion in equity value, roughly a 46% premium to ADT’s Oct. 27 close4. Reuters separately reported the deal as valuing the residential security firm at $7.6 billion3.
TechCrunch said Thrive Holdings is a spin-out of Kushner’s venture firm Thrive Capital, counts OpenAI as a partner and investor, and says it holds more than 75 companies1. As a partner, OpenAI supplies models, technology and forward-deployed engineers to Thrive’s companies, according to that account1.
Neither company named specific new AI security products1. A company release quoted by TechCrunch said ADT would form the foundation of Thrive Holdings’ smart-home security business1.
The Verge also reported the acquisition at $7.6 billion; its full article was not independently readable for this desk beyond that headline2. What products Thrive and OpenAI will ship inside ADT, and on what timetable, was not disclosed in the TechCrunch account1.
Sources
- TechCrunchOpenAI-backed Thrive Holdings acquires ADT
- The VergeJoshua Kushner’s Thrive Holdings is acquiring ADT for $7.6 billion
- ReutersThrive Holdings to buy ADT in deal valuing residential security firm at $7.6 billion
- TechmemeThrive 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)
How it’s being reported
4 sourcesFirst reported by Reuters
OpenAI-backed Thrive Holdings acquires ADT
OpenAI’s partnership with Thrive Holdings and the AI-overhaul thesis
Reports Thrive Holdings is buying ADT at $10 a share, about $7.6 billion in equity and $15.3 billion in enterprise value, with plans to use the company as a smart-home security base.
Leaves out Expected close date and the cash premium versus ADT’s recent share price
Joshua Kushner’s Thrive Holdings is acquiring ADT for $7.6 billion
Joshua Kushner’s family ties and the timeline to take ADT private
Reports an all-cash take-private of ADT expected to close in the first quarter of 2027 and notes ADT’s installer ties to Google Nest and Apple’s smart-home line.
Leaves out The $15.3 billion enterprise value and OpenAI’s role as a Thrive partner
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)
Premium to ADT’s Oct. 27 share price
Aggregator item pointing to Axios: all-cash take-private at about $7.6 billion equity value, roughly a 46% premium to the Oct. 27 close.
Leaves out OpenAI partnership details
Thrive Holdings to buy ADT in deal valuing residential security firm at $7.6 billion
Leads with a figure in the headline.
Where they agree
- Thrive Holdings is acquiring ADT in an all-cash deal that values equity at about $7.6 billion and would take ADT private.
Where they differ
How the deal is framed in dollar terms