Thrive Holdings acquires physical security firm ADT in $15.3B deal backed by OpenAI partnership
Thrive Holdings, the private equity spinout of Josh Kushner's Thrive Capital, announced the acquisition of physical security company ADT for $10 per share, roughly $7.6 billion in equity and $15.3 billion in total enterprise value. OpenAI is both a partner and investor in Thrive Holdings, supplying AI models, technology and forward-deployed engineers to its portfolio of more than 75 companies. ADT is positioned to become the foundation of Thrive Holdings' smart home security business, with unspecified AI-powered security products teased. The deal lands amid a broader push into AI-driven physical security by Apple (with LG and Schneider Electric) and Amazon. This is business and market news with no direct threat or vulnerability implications for defenders.
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Thrive Holdings acquires physical security firm ADT in $15.3B deal backed by OpenAI partnership
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Thrive Holdings, the private equity spinout of Josh Kushner's Thrive Capital, announced the acquisition of physical security company ADT for $10 per share, roughly $7.6 billion in equity and $15.3 billion in total enterprise value. OpenAI is both a partner and investor in Thrive Holdings, supplying AI models, technology and forward-deployed engineers to its portfolio of more than 75 companies. ADT is positioned to become the foundation of Thrive Holdings' smart home security business, with unspecified AI-powered security products teased. The deal lands amid a broader push into AI-driven physical security by Apple (with LG and Schneider Electric) and Amazon. This is business and market news with no direct threat or vulnerability implications for defenders.