Source TechCrunch · Published · Open the original ↗
Labs
OpenAI-backed Thrive Holdings acquires ADT
OpenAI-backed Thrive Holdings is buying ADT in a $15.3 billion deal, with plans to bring AI to the home security business.
Thrive Holdings has acquired physical security company ADT for $10 per share or about $7.6 billion in equity, the companies announced on Thursday. Beyond equity, the total enterprise value of the deal is $15.3 billion, ADT said.
The opening of the report, quoted unchanged from TechCrunch. The full text continues at the source.