ADT agrees to be bought by Thrive Holdings, the OpenAI-backed holding company, in a $15.3bn deal

ADT, the US home-security company, said on 29 October that it has agreed to be acquired by Thrive Holdings. The release says the deal values ADT at about $7.6bn of equity and $15.3bn including debt.

Shareholders will get $10.00 a share in cash, a 45.6% premium to ADT's unaffected closing price on 27 October. Funds managed by affiliates of Apollo Global Management have committed all the financing. ADT's board approved the deal unanimously, and it is expected to close in the first quarter of 2027, subject to a shareholder vote and US antitrust approval.

The release says Thrive Holdings owns and operates businesses in critical industries, that its engineering teams will work alongside ADT's staff, and that ADT will form the foundation of Thrive Holdings' smart-home security business. It does not mention AI or OpenAI. TechCrunch reported that Thrive Holdings is a spin-out of the venture firm Thrive Capital, that OpenAI is its partner and an investor, and that OpenAI supplies models and forward-deployed engineers to its companies.

• Confirmed The agreement values ADT at about $7.6bn in equity value and $15.3bn in enterprise value, and holders will receive $10.00 a share in cash. ADT investor relations
• Confirmed The price is a 45.6% premium to ADT's unaffected close on 27 October, and the deal is expected to close in the first quarter of 2027. ADT investor relations
• Reported OpenAI is a partner and investor in Thrive Holdings and supplies models and forward-deployed engineers to its companies, TechCrunch reported. TechCrunch