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Thrive Holdings buys ADT for $7.6B in equity

1 reports1 report sources2 hours agoUpdate

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Thrive Holdings, the Thrive Capital spinout backed by OpenAI, has acquired security company ADT for $10 per share, about $7.6 billion in equity, the companies said. ADT put the deal's total enterprise value at $15.3 billion. ADT will become the foundation of Thrive Holdings' smart home security business.

AI-generated from reports · 1 hours agoUpdate

Latest updatesOct 30 03:56
OpenAI-backed Thrive Holdings acquires ADT for $7.6B in equity

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Oct 30
  1. TechCrunch VentureTop Deals
    OpenAI-backed Thrive Holdings acquires ADT for $7.6B in equity

    Thrive Holdings, the PE spinout of Thrive Capital that counts OpenAI as partner and investor.

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