Thrive Holdings to Buy ADT Security for $15.3 Billion in Cash

T1Covered by 1 source · first reported by The Information (teasers) at 29 Oct, 20:18 UTC

Thrive Holdings, an AI-focused investment company started by OpenAI investor Thrive Capital, said Thursday that it plans to buy 152-year-old home security firm ADT in a transaction that values the company’s equity at around $7.6 billion. ADT shares surged 34% on the announcement. Apollo Global ...

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• T1Thrive Holdings to Buy ADT Security for $15.3 Billion in CashThe Information (teasers)29 Oct, 20:18