OpenAI-backed Thrive Holdings agrees to acquire ADT
Original title: OpenAI-backed Thrive Holdings acquires ADT
The cash price is $10 a share, and ADT put the deal’s enterprise value at $15.3 billion.
Thrive Holdings, a private-equity spin-out of Thrive Capital that counts OpenAI as a partner and investor, agreed to acquire physical-security company ADT. The equity value is about $7.6 billion, and ADT said total enterprise value is $15.3 billion. OpenAI supplies models, technology, and forward-deployed engineers to Thrive portfolio companies. Neither party named specific new AI security products, though they said they plan to invest and release products and make ADT the base of Thrive’s smart-home security business.
Unconfirmed: The companies have not said which AI-powered security products they will release.
- The companies announced the deal on Thursday, October 29, 2026.
- Thrive Holdings says it currently holds more than 75 companies.
- OpenAI provides models, technology, and engineers to Thrive’s companies.
- ADT is intended to anchor Thrive’s smart-home security business.
- No specific AI-powered ADT products were announced.
- Vendors
- ADT
- Organizations
- Thrive HoldingsOpenAIThrive Capital
From the original article
1 min read at techcrunch.comOpenAI-backed Thrive Holdings is buying ADT in a $15. 3 billion deal, with plans to bring AI to the home security business.
By Julie Bort · techcrunch.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.