Thrive Holdings to Acquire ADT for $7.6 Billion

Thrive Holdings, led by Joshua Kushner, is acquiring home security firm ADT in an all-cash deal valued at $7.6 billion. The transaction, expected to close in the first quarter of 2027, will transition ADT into a private company.

Thrive Holdings, an offshoot of Thrive Capital Management, focuses on integrating AI workflows into traditional businesses. ADT, which currently partners with companies like Google and Apple to install smart home devices, expects the acquisition to accelerate its technological innovation and customer service capabilities. Joshua Kushner is the brother of Jared Kushner, son-in-law to President Donald Trump.

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