By Radarr Africa Business Desk
LAGOS, October 31 (Radarr Africa) – Thrive Holdings, the company led by investor Josh Kushner, has agreed to acquire US home security group ADT in an all-cash transaction valued at $15.3 billion that would take the company private, Billionaires.Africa reported on October 30.
The deal was announced on October 29. ADT shareholders would receive $10 per share in cash, a 45.6% premium to the company’s closing price of $6.87 on October 27, the report said. It valued ADT’s equity at about $7.6 billion.
The transaction requires shareholder and regulatory approval, and closing is expected in the first quarter of 2027. Billionaires.Africa reported that a 30-day window runs until November 28, 2026, during which ADT can seek competing proposals. Until closing, ADT will operate independently. Afterwards its shares will be delisted from the New York Stock Exchange.
Funds managed by affiliates of Apollo Global Management have provided financing commitments for the deal, the report said.
ADT has more than 12,000 employees and is more than 150 years old, according to the report. It provides monitoring and home automation services to residential and small-business customers across the United States.
Thrive Holdings, which Billionaires.Africa said was founded by Kushner, who also founded Thrive Capital, owns more than 75 businesses in accounting, IT services and the built environment. ADT will become the base of its smart-home security business.
The report listed planned improvements for ADT’s services: reducing false alarms, giving emergency responders better information and detecting equipment problems earlier.
Billionaires.Africa framed the purchase as part of a broader effort to apply technology, especially artificial intelligence, to established businesses rather than only to early-stage ventures.
The same briefing carried several other items on US technology and markets, including Alphabet’s quarterly revenue topping $127 billion as Google Cloud doubled, though its shares slid. That coincided with a sell-off in US technology shares on Friday, covered separately by Radarr Africa.
The article by Ikeoluwa Ogungbangbe included no direct quotes from executives and cited no external sources, so all figures above come from that report. Radarr Africa has not been able to open the underlying company filing to confirm them.
