Thrive Holdings to Take ADT Private in $15.3 Billion Deal at $10 Per Share

Josh Kushner's Thrive Holdings has agreed to acquire home-security company ADT in a transaction valued at $15.3 billion, with ADT stockholders receiving $10.00 per share in cash. That per-share price represents a 45.6% premium to ADT's unaffected closing price of $6.87 on October 27, 2026. The equity component of the deal is valued at $7.6 billion in cash, with the remainder reflecting assumed debt and other liabilities.

Thrive Holdings is a permanent capital vehicle founded by Josh Kushner, whose venture capital firm Thrive Capital has made early investments in companies including Instagram, Robinhood, and SpaceX. Upon completion of the transaction, ADT will become a privately held company. The deal is described as bringing together ADT's security expertise, technology, and nationwide professional network with Thrive Holdings' long-term capital and engineering capabilities.