Thrive Holdings to Buy ADT for $7.6 Billion in Cash at $10 a Share

ADT ($ADT) agreed to be acquired by Thrive Holdings for $10 per share in cash, valuing its equity at approximately $7.6 billion and the transaction at $15.3 billion including debt. The offer represents a 45.6% premium to ADT’s October 27 closing price.

• The transaction is expected to close in the first quarter of 2027, subject to shareholder and U.S. antitrust approvals. ADT would become privately held.
• Funds managed by Apollo Global Management affiliates solely provided financing commitments. The agreement has no financing condition.
• ADT can solicit competing proposals through November 28, with a potential 10-day extension for certain bidders.
• Thrive Holdings plans to combine its engineering capabilities and long-term capital with ADT’s security operations.
• Separately, Thrive Capital Management’s next quarterly 13F is due by November 16. It will cover September 30 reportable holdings, predating this acquisition announcement.

Relevant Companies

• ADT ($ADT) — Shareholders would receive $10 per share upon closing.
• Apollo Global Management ($APO) — Affiliate-managed funds committed financing for the acquisition.

Editor’s Note: This is a developing story. This article may be updated as more details become available.