FinanceTechCrunchabout 1 hour ago
OpenAI-backed Thrive acquires ADT for $7.6 billion
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Thrive Holdings, a private equity spin-out backed by OpenAI, acquired physical security company ADT on Thursday. The deal values the company at $7.6 billion in equity or $15.3 billion total enterprise value. Thrive plans to revitalize ADT with AI technology to form the foundation of its smart home security business.
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