Thrive Holdings agrees to acquire ADT in a $15.3 billion deal

Thrive Holdings has agreed to buy ADT for $10 per share in cash, a transaction valued at about $7.6 billion in equity and $15.3 billion including debt. The companies say ADT will anchor Thrive’s smart-home security business, with a planned first-quarter 2027 closing subject to approvals and other conditions. (b77f8daa-83a0-4f22-8db8-36d4332d15b3; a3ca612c-53f3-4d34-b860-c5b557081512)

• Thrive Holdings agreed to pay ADT stockholders $10 per share in cash; the deal is valued at about $7.6 billion in equity and $15.3 billion in enterprise value. (b77f8daa-83a0-4f22-8db8-36d4332d15b3; a3ca612c-53f3-4d34-b860-c5b557081512)· 2 sources
• The companies expect the transaction to close in the first quarter of 2027, subject to stockholder approval, U.S. antitrust approval and customary closing conditions. (a3ca612c-53f3-4d34-b860-c5b557081512)· 1 source
• If completed, the acquisition will take ADT private; it will continue operating independently until the deal closes. (a3ca612c-53f3-4d34-b860-c5b557081512; 7c0f068d-c38f-4f75-b70e-e9c95bff3a04)· 2 sources
• Thrive says ADT will be the foundation of its smart-home security business, and that its engineering teams will work with ADT staff on technology and products. The announcements did not specify new AI-powered security products. (a3ca612c-53f3-4d34-b860-c5b557081512; b77f8daa-83a0-4f22-8db8-36d4332d15b3)· 2 sources
• ADT’s agreement includes a 30-day period for soliciting other acquisition proposals, ending November 28, 2026, with a possible 10-day extension for certain parties. (a3ca612c-53f3-4d34-b860-c5b557081512)· 1 source