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OpenAI-Backed Thrive Holdings Acquires ADT in $7.6 Billion Equity Deal

1 reports 1 reporting sources 1 hours agoNew

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Thrive Holdings has acquired home security company ADT for $10 per share, valuing its equity at about $7.6 billion, the companies announced. ADT put the deal’s total enterprise value at $15.3 billion and will anchor Thrive’s smart home security business. OpenAI is an investor in and partner to Thrive, supplying models, technology, and engineers to its companies.

Generated by AI from reports · Updated 49 minutes ago

Latest development10/30 03:56 (UTC+8)
OpenAI-backed Thrive Holdings acquires ADTTechCrunch · AI

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10/30
  1. TechCrunch · AI
    OpenAI-backed Thrive Holdings acquires ADT

    Thrive Holdings has acquired ADT for $10 per share, or about $7.6 billion in equity, the companies announced Thursday; ADT put the total enterprise value at $15.3 billion. OpenAI is both an investor and a partner, supplying models, technology, and engineers to Thrive’s companies. ADT will anchor Thrive’s smart home security business, although neither company specified which new AI-powered security products it plans to release.

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