Joshua Kushner’s Thrive Holdings is acquiring ADT for $7.6 billion
Summary
Thrive Holdings, led by Joshua Kushner, has agreed to purchase ADT in a cash transaction worth $7.6 billion. The acquisition will take the company private when the deal concludes. The final closing is currently anticipated to occur during the first quarter of 2027.
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. Thrive Holdings was founded last year, serving as an offshoot…
Source: Read the full story at The Verge
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