AI-Focused Thrive Holdings Agrees to Buy Security Provider ADT

Thrive Holdings, a company that acquires businesses to infuse them with artificial intelligence, has agreed to buy security provider ADT in an all-cash deal. The transaction is valued at $15.3 billion including debt, about $7.6 billion in equity. Closing is expected in the first quarter of 2027. SoftBank is among backers that have shown interest in Thrive.