Thrive Holdings, a holding company backed by OpenAI's co-founders, is acquiring ADT, the home security provider, in an all-cash deal valued at $15.3 billion. The acquisition represents one of the largest deals involving an AI-focused company to date.
Thrive Holdings plans to integrate AI technology into ADT's operations and customer offerings. The deal is expected to close in late 2025, subject to regulatory approval and customary closing conditions.
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