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Why Josh Kushner’s Firm Just Spent $7.6 Billion on a 150-Year-Old Company

Thrive Holdings, owned by Joshua Kushner, is acquiring the 150-year-old home security company ADT in an all-cash transaction valued at $7.6 billion. The total enterprise value of the deal reaches $15.3 billion. Following the announcement, ADT stock surged significantly, hitting a five-year high. Thrive Holdings plans to integrate artificial intelligence into the home security business while maintaining existing privacy rules for customers.

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  • ✓ Thrive Holdings is acquiring ADT for $7.6 billion in cash.
  • ✓ The transaction values ADT at an enterprise value of $15.3 billion.
  • ✓ ADT stock surged to a five-year high following the buyout agreement.
  • ✓ Thrive Holdings plans to bring artificial intelligence to the home security business.
🛡️ Source Corroboration: 10 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

Thrive Holdings reached a definitive agreement to acquire ADT and take the security company private.

Live updates

  1. Thrive Holdings to Take ADT Private in $7.6 Billion Deal

    Thrive Holdings, owned by Joshua Kushner, is acquiring the 150-year-old home security company ADT in an all-cash transaction valued at $7.6 billion. The total enterprise value of the deal reaches $15.3 billion. Following the announcement, ADT stock surged significantly, hitting a five-year high. Thrive Holdings plans to integrate artificial intelligence into the home security business while maintaining existing privacy rules for customers.

    Why it matters

    The acquisition shifts a foundational American security company from public markets to private ownership under the OpenAI-backed firm led by Joshua Kushner. Bringing artificial intelligence capabilities to legacy security infrastructure represents a major strategic shift for the century-and-a-half-old brand. The transaction also impacts various exchange-traded funds holding ADT stock following the buyout announcement.

    What is confirmed

    • Thrive Holdings is acquiring ADT for $7.6 billion in cash.
    • The transaction values ADT at an enterprise value of $15.3 billion.
    • ADT stock surged to a five-year high following the buyout agreement.
    • Thrive Holdings plans to bring artificial intelligence to the home security business.
    • Thrive Holdings stated it will keep ADT's privacy rules to protect customer data.

    What to watch next

    • Regulatory approvals required to finalize the private acquisition
    • Details regarding the integration of artificial intelligence into ADT products
    Sources used for this update (11)
    1. WSJ — Why Josh Kushner’s Firm Just Spent $7.6 Billion on a 150-Year-Old Company
    2. Bloomberg.com — Kushner’s Thrive Holdings to Buy ADT for $7.6 Billion in Cash
    3. Reuters — Home security firm ADT to be taken private by Thrive Holdings for $7.6 billion
    4. Yahoo Finance — ADT Soars 34% on a $10 Buyout: What It Means for the ETFs That Own It
    5. Axios — Thrive Holdings taking home security company ADT private for $15.3B EV
    6. Financial Times — Josh Kushner’s Thrive Holdings to buy home security firm ADT in $15.3bn deal
    7. Yahoo Finance — ADT stock surges to 5-year high after Thrive Holdings agrees to $7.6 billion buyout deal
    8. www.theverge.com — Joshua Kushner’s Thrive Holdings is acquiring ADT for $7.6 ...
    9. www.billionaires.africa — Josh Kushner’s $15.3 Billion ADT Acquisition
    10. thenextweb.com — Joshua Kushner’s Thrive Holdings agrees to buy ADT ... - TNW
    11. finance.yahoo.com — OpenAI-backed Thrive Holdings acquires ADT - Yahoo Finance
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