OpenAI-Backed Thrive Holdings to Acquire ADT for $15.3B All-Cash to Deploy AI Across Home Security

Josh Kushner's Thrive Holdings struck a definitive deal on Oct 29 to buy ADT for $10/share — $7.6B equity, $15.3B enterprise value, a 45.6% premium with a 30-day go-shop. OpenAI is Thrive's partner and investor, supplying frontier models and forward-deployed engineers; COO Brad Lightcap framed the deal as a template for 'frontier AI deployed rapidly across entire organizations.' Apollo is financing with no financing contingency.