Joshua Kushner’s Thrive Holdings is acquiring ADT for $7.6 billion

<figure> <img alt="An ADT sign" data-caption="" data-portal-copyright="Photo by Smith Collection/Gado/Getty Images" data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/2026/10/gettyimages-913777656.jpg?quality=90&#038;strip=all&#038;crop=0,0,100,100" /> <figcaption> </figcaption> </figure> <p class="wp-block-paragraph">The Joshua Kushner-led Thrive Holdings <a href="https://investor.adt.com/News--Events/news/news-details/2026/ADT-to-be-Acquired-by-Thrive-Holdings-in-15-3-Billion-Transaction/default.aspx">is acquiring ADT in an all-cash deal</a> valued at $7.6 billion. The deal is expected to close in the first quarter of 2027 and will take ADT private, as <a href="https://www.bloomberg.com/news/articles/2026-10-29/kushner-s-thrive-holdings-to-buy-adt-for-7-6-billion-in-cash">reported earlier by <em>Bloomberg</em></a>.</p> <p class="wp-block-paragraph">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 of Joshua Kushner's venture capital firm Thrive Capital Management. <a href="https://techcrunch.com/2026/08/12/openai-backed-thrive-holdings-raises-2b-to-bring-ai-to-the-enterprise/"><em>TechCrunch</em> likens Thrive Holdings</a> to a "private equity firm for AI," as it purchases "traditional" businesses, like accounting and IT services, and applies AI to their workflows.</p> <p class="wp-block-paragraph">Though ADT operates a standalone …</p> <p><a href="https://www.theverge.com/tech/1022295/joshua-kushner-thrive-holdings-adt-acquisition">Read the full story at The Verge.</a></p>