Thrive Holdings agrees to buy ADT for $7.6bn, financed by Apollo

Thrive Holdings, the holding company set up by Joshua Kushner’s Thrive Capital, has agreed to buy ADT for $10 a share in cash. ADT sells home security systems in the US. The deal values ADT at about $7.6bn in equity and $15.3bn in enterprise value. The price is a 45.6% premium to ADT’s close of […]…