Thrive Holdings to Acquire ADT for $7.6 Billion

Thrive Holdings, an investment vehicle formed by Thrive Capital, has agreed to acquire home-security company ADT in a cash transaction valued at $7.6 billion. The deal assigns an enterprise value of $15.3 billion to the company.

Under the terms of the agreement, Thrive will pay $10 per share. This price represents a 35% premium over ADT's closing price of $7.41 on Wednesday. Trading in ADT shares was halted early Thursday following the announcement of the acquisition.

The transaction is expected to close in the first quarter of 2027. The acquisition was executed through the investment vehicle created by Joshua Kushner, the founder of Thrive Capital.