OpenAI and Thrive Capital to Acquire ADT for $15.3 Billion

ADT Inc. has agreed to a fully cash acquisition by Thrive Holdings, an entity linked to Josh Kushner's Thrive Capital and partially funded by OpenAI, at $10.00 per share with an enterprise value of $15.3 billion, expected to close in the first quarter of 2027.

Compiled by Sergey KostenchukPublished 2026-10-30Updated 2026-10-30

2026-10-30 Business OpenAI

💼 OpenAI and Thrive Capital to Acquire ADT for $15.3 Billion

ADT is being sold to Thrive Holdings, an entity of Josh Kushner's Thrive Capital, partially funded by OpenAI. Price: $10.00 per share (45.6% premium), enterprise value $15.3 billion; funded by Apollo-affiliated funds. Closing — Q1 2027.

🌍 Rare entry of a major AI company into the physical business: AI is monetized through home devices and data, not just APIs. Competitors include Apple, Amazon, and startups with robot dogs.

👤 ADT's privacy policy formally remains unchanged, but the owner will be an entity whose model is the integration of AI into products. Watch for AI features and how home data will be used to train OpenAI models.

Source 1: https://investor.adt.com/News--Events/news/news-details/2026/ADT-to-be-Acquired-by-Thrive-Holdings-in-15-3-Billion-Transaction/default.aspx Source 2: https://techcrunch.com/2026/10/29/openai-backed-thrive-holdings-acquires-adt/

Sources