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OpenAI-backed Thrive Holdings agrees to buy ADT for $15.3 billion
Thrive Holdings agreed Thursday to buy ADT, the home-security company, for $10 a share in cash: about $7.6 billion of equity and $15.3 billion including debt, a 45.6% premium to its October 27th close. Funds managed by Apollo affiliates are providing all the financing, and the deal has a 30-day running to November 28th. It is expected to close in the first quarter of 2027.
OpenAI is an investor in Thrive Holdings and supplies its companies with models and engineers, though ADT's announcement does not mention it. Buying a company with more than 12,000 employees in order to rebuild it with AI is OpenAI's deployment strategy carried out through private equity. SourcesAB
Sources
- AADT 8-K Exhibit 99.1, Thrive Holdings agreement (SEC)sec.gov
- BOpenAI-backed Thrive Holdings acquires ADT (TechCrunch)techcrunch.com
This story ran in the Morning Brief of October 30th 2026.