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Joshua Kushner

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Thrive Holdings to buy ADT for $7.6 billion, taking it private

Thrive Holdings, led by Joshua Kushner, is acquiring home security company ADT in an all-cash deal worth $7.6 billion. The deal, first reported by Bloomberg, would take ADT private and is expected to close in early 2027. ADT CEO Jim DeVries said the partnership would bring new resources to accelerate innovation and improve customer experience.