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Joshua Kushner’s Thrive Holdings is acquiring ADT in an all-cash deal valued at $7.6 billion, according to The Verge, which cited an earlier Bloomberg report. The transaction is expected to close in the first quarter of 2027 and would take ADT private; further financial and integration details have not been provided in the source report.
Joshua Kushner’s Thrive Holdings is acquiring home security company ADT in an all-cash deal valued at $7.6 billion, according to The Verge’s October 29 report, which cited Bloomberg. The transaction is expected to close in the first quarter of 2027 and would take ADT private, ending its status as a publicly traded company if completed.
The reported transaction would give Thrive Holdings ownership of ADT, which provides home and business security services. The price is described as $7.6 billion, and the deal is structured as an all-cash acquisition. The source report does not specify the offer price per share or explain how the stated valuation is calculated.
ADT CEO Jim DeVries said in a press release that the buyer’s capital and technology experience could support changes to the company’s services. The deal is projected to close in the first quarter of 2027. Until then, ADT remains publicly traded; the report does not detail any steps shareholders or regulators must take before closing.
Thrive Holdings was founded in 2025 as an offshoot of Thrive Capital Management, the venture capital firm led by Kushner. The Verge describes Thrive Holdings as investing in established businesses and applying technology to their operations. ADT’s existing security business and smart-home relationships would give the buyer a large consumer-facing company to operate, though the report does not outline specific changes to ADT’s products or workforce.
ADT’s Future Under Private Ownership
Taking ADT private would shift the company from public-market ownership to control by Thrive Holdings. That could give its new owner greater scope to make long-term investments or operational changes without reporting to public shareholders in the same way. The source report does not say what strategy Thrive intends to pursue, so any effects on customers, employees or services remain undetermined.
The acquisition also brings a large, established security provider into a firm whose stated approach centers on applying technology to traditional businesses. ADT already operates its own home security service and has commercial ties with major technology companies. The deal therefore connects security monitoring and installation with Thrive’s interest in technology-led operations, but no new AI product or customer offering has been announced.
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Thrive Holdings’ Technology Strategy
Thrive Holdings was established in 2025 as an offshoot of Thrive Capital Management, Joshua Kushner’s venture capital firm. The Verge reported that the holding company buys established businesses and seeks to apply technology to their workflows. TechCrunch has characterized it as a “private equity firm for AI,” a description of its business approach rather than a confirmed term of the ADT transaction.
ADT is not solely a standalone security service in the smart-home market. According to The Verge, its technicians can sell and install Google Nest devices through a partnership, and the company has also partnered with Apple on its newer smart-home products. The report does not say whether these arrangements will change under Thrive ownership.
“With Thrive Holdings’ long-term capital and technology expertise, ADT will gain new opportunities to accelerate innovation, enhance the customer experience and bring greater peace of mind to even more homes and businesses.”
— Jim DeVries, ADT CEO, in a company press release
Terms and Customer Impact Still Unclear
The report gives the deal’s $7.6 billion valuation, all-cash structure and expected closing period, but not the offer price per share, financing details or conditions required for completion. It also does not specify whether shareholder approval or regulatory review is required, or whether any such steps have begun.
Thrive has not been reported as setting out a post-acquisition plan for ADT. The consequences for ADT customers, employees, pricing, service plans and technology partnerships are not established in the source material. The announcement also does not confirm that the transaction has closed: completion is expected in 2027.
Closing Expected in Early 2027
The next major milestone is the anticipated closing in the first quarter of 2027. The transaction remains pending until it is completed. The source report does not provide a more detailed timetable for approvals, shareholder actions or other closing requirements.
Further announcements may clarify the transaction’s terms and Thrive’s plans for ADT, including how it intends to approach the company’s security services and existing smart-home partnerships. Until those details are released, the confirmed development is the reported agreement to acquire ADT—not a completed change in ownership or a disclosed restructuring of its services.
Key Questions
Who is acquiring ADT?
Thrive Holdings, led by Joshua Kushner, is acquiring ADT, according to The Verge’s report.
How much is the ADT deal worth?
The transaction is valued at $7.6 billion and is described as an all-cash deal. The report does not provide an offer price per share.
When is the acquisition expected to close?
The deal is expected to close in the first quarter of 2027. It has not yet been reported as completed.
Will ADT become a private company?
The transaction is expected to take ADT private if it closes, according to the report. The source does not detail the required approval process.
Will the deal change ADT’s services or partnerships?
No specific changes have been announced in the source report. ADT has relationships involving Google Nest and Apple smart-home products, but their status after closing is not stated.
Source: theverge.com
