OpenAI-backed Thrive Holdings acquires ADT
Thrive Holdings, the private-equity spinout of Thrive Capital that counts OpenAI as partner and investor, has acquired ADT for 10 dollars per share, about 7.6 billion dollars in equity and 15.3 billion dollars in enterprise value. ADT will form the foundation of its smart-home security business, with new AI-powered products teased but not detailed. It matters because it is a large bet on reviving a traditional company with AI, in a field Apple and Amazon are also entering.
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- TechCrunch AI2026-10-29 19:56