Thrive Holdings to Buy ADT in $7.6 Billion Cash Deal

WHO:

TechCrunch - Thrive Holdings, described as backed by OpenAI, is acquiring ADT, a home-security business.

Techmeme - Thrive Holdings and ADT announced the acquisition agreement.

Reddit Conspiracy - Thrive Holdings was founded by Joshua Kushner, identified as Jared Kushner’s brother.

Reddit Conspiracy - The article says Thrive Holdings is backed by OpenAI and other major investors.

Reddit Conspiracy - The article says federal financial disclosures showed Donald Trump had bought and sold ADT stock.

WHAT:

TechCrunch - Thrive Holdings is buying ADT in a deal valued at $15.3 billion.

Techmeme - The all-cash take-private deal values ADT at approximately $7.6 billion in equity and $15.3 billion in enterprise value.

Techmeme - The offer represents an approximately 46% premium over ADT’s October 27 closing price.

Reddit Conspiracy - The article describes the transaction as a $7.6 billion all-cash deal and says it offered ADT shareholders a 45.6% stock premium.

Reddit Conspiracy - The article says the extent of Trump’s ADT holdings at the time of the deal was undisclosed.

Reddit Conspiracy - The article reports online concerns about data privacy, user tracking, and a possible tech/data monopoly; it also says critics questioned whether there was coordination or foreknowledge of the buyout.

WHERE:

TechCrunch - The planned AI application concerns ADT’s home-security business.

Reddit Conspiracy - The article says ADT handles home-security data for millions of American households.

WHY:

TechCrunch - Thrive Holdings plans to bring artificial intelligence to the home-security business.

Reddit Conspiracy - The article describes Thrive Holdings as a vehicle for introducing artificial intelligence into traditional service businesses.

HOW:

Techmeme - Thrive Holdings agreed to acquire ADT through an all-cash take-private deal.

Reddit Conspiracy - The article says the acquisition would take ADT private.

(UPDATED October 30, 2026 19:07 UTC)

Thrive Holdings, backed by OpenAI, is acquiring home-security company ADT in an all-cash deal. The transaction values ADT at $15.3 billion, including debt, and would take it private. Thrive says it plans to bring artificial intelligence into ADT’s home-security business.