In Brief

Posted:

12:56 PM PDT · October 29, 2026

Image Credits: Timon Schneider/SOPA Images/LightRocket / Getty Images

Thrive Holdings has acquired physical security company ADT for $10 per share or about $7.6 billion in equity, the companies announced on Thursday. Beyond equity, the total enterprise value of the deal is $15.3 billion, ADT said.

Thrive Holdings is the holding company spinout from Josh Kushner’s powerhouse VC firm Thrive Capital. It also counts OpenAI as its partner , as well as an investor. The firm’s mission is to hold other companies long-term, revitalizing them with AI. Currently, Thrive Holdings holds over 75 companies, it says.

As a partner, OpenAI supplies AI models and tech as well as people, otherwise known as forward-deployed engineers, to Thrive’s companies.

Neither ADT nor Thrive announced what new AI-powered security products they will be releasing, but they did tease that the plan was to invest and release new products.…