Friday, 30 October, 2026
OpenAI-Backed Thrive Holdings Acquires Home Security Giant ADT in a $15.3 Billion Deal
By TechShots Studio
Thrive Holdings has agreed to acquire US-based home security company ADT for $10 per share, valuing its equity at approximately $7.6 billion and the total deal at $15.3 billion. Backed by OpenAI and Thrive Capital, the company plans to use AI technology and engineering expertise to modernize ADT's security services and develop new smart-home products. The acquisition is expected to close in Q1 2027, subject to regulatory and shareholder approval.
Read full story at TECHCRUNCH