OpenAI-backed Thrive Holdings acquires ADT for $10/share (~$7.6B equity; $15.3B EV)
Thrive Holdings, a private-equity spin-out of Thrive Capital that counts OpenAI as a partner and investor, agreed to buy ADT for $10 per share (about $7.6 billion in equity), with a reported enterprise value of $15.3 billion. Thrive says OpenAI will supply AI models and forward-deployed engineers to its portfolio and that ADT will form the foundation of its smart-home security business, though no specific AI products were announced.