Joshua Kushner's Thrive Holdings agrees to buy ADT for $7.6 billion in cash
Summary
Thrive Holdings has agreed to buy home security provider ADT Inc. in an all-cash $7.6 billion deal, one of the largest bets yet for the offshoot of Joshua Kushner's venture firm Thrive Capital Management, Bloomberg reported on Thursday 29 October. The deal is expected to close in the first quarter of 2027 and will take ADT private, The Verge reported, noting that Joshua Kushner is the brother of President Donald Trump's son-in-law, Jared Kushner, while TechCrunch wrote that OpenAI-backed Thrive Holdings is buying ADT in a $15.3 billion deal, with plans to bring AI to the home security business.
Latest: Thrive Holdings, the offshoot of Joshua Kushner's venture firm, agreed to buy home security provider ADT in an all-cash $7.6 billion deal, Bloomberg and The Verge reported, The Verge saying the deal will take ADT private, while TechCrunch put the deal at $15.3 billion.
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How it unfolded
Thursday 29 October
Thrive Holdings, the offshoot of Joshua Kushner's venture firm, agreed to buy home security provider ADT in an all-cash $7.6 billion deal, Bloomberg and The Verge reported, The Verge saying the deal will take ADT private, while TechCrunch put the deal at $15.3 billion.
- 15:56TechCrunch OpenAI-backed Thrive Holdings acquires ADT
- 12:05The Verge Joshua Kushner’s Thrive Holdings is acquiring ADT for $7.6 billion
- 10:01Bloomberg Kushner’s Thrive Holdings to Buy ADT for $7.6 Billion in Cash