OpenAI-backed Thrive Holdings to buy ADT in $15.3 billion deal

Thrive Holdings, the private equity spinout of Josh Kushner's Thrive Capital that counts OpenAI as a partner and investor, is acquiring home security firm ADT for $10 per share, or about $7.6 billion in equity. Including debt, the deal values ADT at $15.3 billion. The companies plan to bring new AI-powered security products to the business.