The Joshua Kushner-led Thrive Holdings is acquiring ADT in an all-cash deal valued at $7.6 billion. The deal is expected to close in the first quarter of 2027 and will take ADT private, as reported earlier by Bloomberg . Joshua Kushner is the brother of President Donald Trump's son-in-law, Jared Kushner.
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Thrive Holdings was founded last year, serving as an offshoot of Joshua Kushner's venture capital firm Thrive Capital Management. TechCrunch likens Thrive Holdings to a "private equity firm for AI," as it purchases "traditional" businesses, like accounting and IT services, and applies AI to their workflows.
Though ADT operates a standalone … Read the full story at The Verge.
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