Big dealsOct 29, 2026
Thrive Holdings agrees to take ADT private at $10 a share; about half the $15.3 billion price is debt
ADT's equity is valued at about $7.6 billion and its enterprise value at $15.3 billion. Apollo-managed funds provide the financing, and rival bidders can still step in until November 28.
Deal at a glance
PendingPaid in: Cash- Buyer
- Thrive Holdings
- Target
- ADT
- Deal value
- $15.3B
- Enterprise value
- Announced
- Oct 2026
- Expected close
- Q1 2027
Figures are as stated by the companies, in US dollars. A deal can change or fall through before it closes.
ADT announced on October 29, 2026 that Thrive Holdings will buy it for $10.00 per share in cash. The release puts the equity value at about $7.6 billion and the enterprise value at about $15.3 billion. The price is 45.6% above ADT's unaffected close of $6.87 on October 27 and 52.1% above its 30-day average price to that date.
The financing comes entirely from funds managed by affiliates of Apollo Global Management, and the deal has no financing condition. ADT has a 30-day go-shop period, ending at 11:59 p.m. New York time on November 28, 2026, during which it may solicit other offers. Parties that submit proposals in that period may get a 10-day extension.
Closing is expected in the first quarter of 2027, subject to ADT stockholder approval and US antitrust approval. ADT will become privately held. The release says ADT will form the foundation of Thrive's smart home security business, that Thrive intends to support ADT's management, and that ADT's data and privacy policies will stay unchanged. It announces no renaming or workforce changes.
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