OpenAI-backed Thrive Holdings to acquire ADT for $7.6 billion, with total enterprise value of $15.3 billion

TechFlow reported on Oct. 30 that, according to TechCrunch, OpenAI-backed investment holding company Thrive Holdings has announced the acquisition of physical security company ADT at $10 per share, corresponding to an equity value of approximately $7.6 billion, with a total enterprise value of $15.3 billion.

Thrive Holdings is a holding company spun off from Thrive Capital. OpenAI serves as both its partner and investor, providing AI models, technology, and on-site engineers to its portfolio companies to drive AI transformation among traditional enterprises. Following the acquisition, ADT will become the foundation of Thrive Holdings' smart home security business. The company plans to increase investment and launch AI-powered security products, but specific products have not yet been announced.

Source: 深潮 TechFlow