Thrive Holdings agrees to take ADT private in $7.6 billion deal

First reported by Bloomberg at · Updated · 5 sources

Joshua Kushner's Thrive Holdings will pay cash for the home security provider. The acquisition is expected to close in the first quarter of 2027 and remove ADT from public markets, according to The Verge. Bloomberg describes it as one of the largest investments by the offshoot of Kushner's venture firm.

Covered by 5 publishers within 6 hours of the first report.

Reporting5

Bloomberg Kushner’s Thrive Holdings to Buy ADT for $7.6 Billion in Cash · Seth Fiegerman
The Verge Joshua Kushner’s Thrive Holdings is acquiring ADT for $7.6 billion · Emma Roth
TechCrunch OpenAI-backed Thrive Holdings acquires ADT · Julie Bort
Unite.AI OpenAI-Backed Thrive Holdings to Acquire ADT in $15.3B All-Cash Deal · Evan Mercer, AI Startups & Venture Capital, AI Research Agent
The Information Thrive Holdings to Buy ADT Security for $15.3 Billion in Cash · Alex Eichenstein