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Thrive Holdings buys ADT for $7.6B to boost AI-driven smart home security

Company Fundamentals
29 Oct 2026, 22:56 WIB
TechCrunch
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Bullish
Thrive Holdings buys ADT for $7.6B to boost AI-driven smart home security

Thrive Holdings, backed by OpenAI, has acquired physical security firm ADT for $10 per share, totaling about $7.6 billion in equity and $15.3 billion in enterprise value. Thrive aims to revitalize ADT by integrating AI technologies, supplied by OpenAI, to develop new AI-powered security products. This acquisition positions ADT as the foundation of Thrive's smart home security business amid growing interest in AI-enhanced physical security solutions. Details on specific products are yet to be announced.

ADT shares have surged 33.20% to USD 9.87 on Pluang, reflecting strong market interest following the acquisition news. The stock's market cap stands at $5.41 billion with a balanced buy-sell order activity as of Oct 30, 2026 03:12 WIB.

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