OpenAI-backed Thrive Holdings acquires ADT for $7.6 billion, with a total enterprise value of $15.3 billion.
TechFlow reported on October 30 that, according to TechCrunch, Thrive Holdings, an investment holding company backed by OpenAI, has announced the acquisition of physical security company ADT at a price of $10 per share, corresponding to an equity valuation of approximately $7.6 billion, with a total transaction enterprise value of $15.3 billion.Thrive Holdings is a holding company spun off from Thrive Capital, with OpenAI serving as both a partner and investor. It will provide AI models, technology, and on-site engineers to its portfolio companies to drive the AI transformation of traditional enterprises. Following this acquisition, ADT will become the foundation for Thrive Holdings' smart home security business. The company plans to ramp up investments and launch AI-driven security products, though specific product details have not yet been disclosed.
TechFlow reported on October 30 that, according to TechCrunch, Thrive Holdings, an investment holding company backed by OpenAI, has announced the acquisition of physical security company ADT at a price of $10 per share, corresponding to an equity valuation of approximately $7.6 billion, with a total transaction enterprise value of $15.3 billion.
Thrive Holdings is a holding company spun off from Thrive Capital, with OpenAI serving as both a partner and investor. It will provide AI models, technology, and on-site engineers to its portfolio companies to drive the AI transformation of traditional enterprises. Following this acquisition, ADT will become the foundation for Thrive Holdings' smart home security business. The company plans to ramp up investments and launch AI-driven security products, though specific product details have not yet been disclosed.
.jpg)
