Thrive Holdings agrees to acquire ADT for $10 per share
On October 29, 2026, Thrive Holdings announced a definitive agreement to acquire ADT in an all-cash transaction for $10 per ADT share, valuing ADT at approximately $7.6 billion in equity value and $15.3 billion in enterprise value. The transaction is expected to close in the first quarter of 2027, subject to ADT stockholder approval, U.S. antitrust approval and other customary conditions; ADT withdrew its prior financial guidance while the transaction is pending.
The input contains a concrete definitive all-cash acquisition agreement announced on October 29, 2026, rather than market commentary. The core forward-looking development is Thrive Holdings’ proposed acquisition of ADT; the $10-per-share consideration, approximately $7.6 billion equity value, $15.3 billion enterprise value, expected Q1 2027 closing, and approval conditions are explicitly supported. The 4% Q3 revenue growth is excluded as separate operating-performance context, while the withdrawal of prior guidance is retained because it is directly attributed to the pending transaction. The timestamp is corrected from the expected closing date to the announcement date; because no announcement time is provided, midnight UTC is used as a date-level estimate. This is a major single-company take-private transaction with clear repricing and corporate-perimeter implications. ADT and APO are approved stakeholders: ADT is the target, while the input explicitly states that funds managed by Apollo affiliates provided the financing commitments. The listed sector peers are not approved because their effects are speculative and rely on generic or mismatched competitive context.
Q3 revenue grew 4% and YTD Adjusted Free Cash Flow exceeded $1B. A pending $10-per-share cash acquisition prompted withdrawal of prior guidance, with closing expected in Q1 2027 subject to approvals.