ADT Stock Jumps 34%: Thrive Buys the Security Giant for $7.6 Billion

ADT stock jumped about 34% on Thursday, October 29, 2026, after the home-security company agreed to be acquired by Thrive Holdings in an all-cash deal paying shareholders $10.00 per share. The agreement values ADT's equity at about $7.6 billion and the whole company, including debt, at $15.3 billion. Shares traded near $9.93 in early trading, just below the $10.00 offer price, after closing Wednesday at $7.41.

What happened

ADT and Thrive Holdings announced a definitive agreement on Thursday morning, October 29, 2026, under which Thrive will acquire ADT in an all-cash transaction. ADT's board of directors approved the deal unanimously. Under the terms, every ADT shareholder will receive $10.00 in cash for each share when the transaction closes, and ADT will become a privately held company, leaving the New York Stock Exchange.

The $10.00 price is a 45.6% premium to ADT's unaffected closing price of $6.87 on October 27, 2026 — the last close before reports of takeover talks surfaced — and 52.1% above the stock's 30-day volume-weighted average price over the same period. The stock had already climbed 7.9% on Wednesday after reports that Thrive was in talks to take the company private, so Thursday's jump to just under the offer price shows investors treating the signed deal as close to a done deal, with only a small discount for the time and approvals still needed.

Why it's blowing up

Takeovers at a near-46% premium always move fast, and this one has an unusual cast. Thrive Holdings is the permanent-capital vehicle formed last year by Thrive Capital, the venture firm founded by Josh Kushner, and its model is to buy established businesses and upgrade them with technology and artificial intelligence. ADT is about as established as American business gets: more than 150 years of security experience, a nationwide service network, and millions of residential and small-business customers paying recurring monitoring fees.

The financing adds a twist of its own. The deal is funded entirely through commitments from funds managed by affiliates of Apollo Global Management, and it is not subject to a financing condition. Apollo knows ADT well: it took the company private in 2016, relisted it on the NYSE in January 2018, and sold the last of its shares only this past May. Less than six months after exiting the equity, Apollo is back — this time as the lender financing ADT's return to private ownership.

Key facts

• Price: $10.00 per share in cash for ADT shareholders.
• Size: About $7.6 billion in equity value and $15.3 billion in enterprise value.
• Premium: 45.6% over the October 27 unaffected close of $6.87; 52.1% over the 30-day average price.
• Market reaction: ADT shares rose about 34% in early trading Thursday to around $9.93.
• Financing: Provided solely by Apollo-managed funds; the deal has no financing condition.
• Go-shop: ADT has 30 days, through November 28, 2026, to solicit a better offer, with a possible 10-day extension for certain parties.
• Timeline: The companies expect to close in the first quarter of 2027, subject to shareholder and U.S. antitrust approval.
• Advisors: Citi and Goldman Sachs advised ADT; Evercore advised Thrive.

What changes for customers — and what doesn't

For ADT's customers, the companies say day-to-day service continues as normal. Thrive says it will uphold ADT's commitment to protecting customer data, and that ADT's data protection and privacy policies will remain unchanged. The pitch from the buyer is that permanent capital — money with no fixed deadline to sell — lets ADT invest in products, technology and people over a longer horizon than public markets usually allow, with Thrive's engineering teams working to bring more AI capability into ADT's security and smart-home platform.

What's next

Three things will decide how this story ends. First, the go-shop window runs until late November 28, 2026, so a rival bidder can still try to top $10.00 a share. Second, ADT shareholders must vote to approve the deal, and regulators must clear it under U.S. antitrust law. Third, ADT still reports its third-quarter results on November 3, 2026 — though the company has said it will not take questions on that call. If everything proceeds as planned, the deal closes in the first quarter of 2027 and one of America's oldest security brands leaves the stock market for the second time in a decade.

Sources

ADT and Thrive Holdings announcement (Globe Newswire via Morningstar) · Reuters · The Wall Street Journal · ADT Newsroom

FAQ

How much is Thrive Holdings paying for ADT?

Thrive will pay $10.00 in cash per share, valuing ADT's equity at about $7.6 billion and the company at $15.3 billion including debt.

Why did ADT stock jump 34%?

The $10.00 offer is a 45.6% premium to ADT's unaffected October 27 close, so the share price moved up toward the takeover price as soon as the definitive agreement was announced.

When will the ADT buyout close?

The companies expect the deal to close in the first quarter of 2027, after shareholder approval and U.S. antitrust clearance.

Can another buyer still bid for ADT?

Yes. The agreement includes a 30-day go-shop period through November 28, 2026, during which ADT can solicit superior proposals.