SecurityThe Next Webabout 2 hours ago
Thrive Holdings Buys ADT for $7.6bn
2 min read
Thrive Holdings, a vehicle set up by Joshua Kushner's Thrive Capital with OpenAI as a partner, has agreed to buy ADT for $7.6bn in equity. The deal values the home security company at $15.3bn in enterprise value and includes a 45.6% premium to its closing price of $6.87 on 27 October.
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