Josh Kushner's Thrive to Acquire ADT for $7.6 Billion

Thrive Capital, led by Josh Kushner, has agreed to acquire ADT Inc. in a deal valued at approximately $7.6 billion. The home security company announced that Thrive will purchase ADT for $10 per share in cash.

This offer represents a 35% premium over ADT's closing stock price of $7.41 on Wednesday. The transaction is expected to close in the first quarter of 2025, subject to customary closing conditions, including regulatory approvals and the approval of ADT's stockholders.

ADT, a prominent provider of security and smart home solutions, has been a publicly traded company since 2015. The acquisition by Thrive Capital marks a significant shift for the security giant, potentially integrating its services with Thrive's broader investment portfolio which spans technology and real estate.