GoKawiilThrive Holdings buys ADT for $7.6B in equity, $15.3B total value
Thrive Holdings, a private-equity spin-out from Josh Kushner's Thrive Capital, has acquired home security company ADT for $10 per share, valuing the equity at roughly $7.6 billion and the total enterprise value at $15.3 billion. OpenAI is a partner and investor in Thrive Holdings, which says it holds more than 75 companies that it aims to revitalize using AI. The companies said ADT will become the foundation of Thrive's smart home security business, though no specific new products were announced.