5 publishers · first seen Tue, 27 Oct 2026 15:16 UTC · updated Thu, 29 Oct 2026 19:56 UTC
Joshua Kushner's Thrive Holdings is acquiring ADT in an all-cash deal valued at $7.6 billion, expected to close in the first quarter of 2027, taking ADT private. ADT CEO Jim DeVries says the company will gain new opportunities to accelerate innovation with Thrive Holdings' capital and technology expertise. Thrive Holdings, founded last year, is an offshoot of Joshua Kushner's venture capital firm Thrive Capital Management.
Joshua Kushner is the brother of Jared Kushner, who has faced allegations in a new book by Matthew Cole about financial dealings with Gulf states during Donald Trump's first term. Jared Kushner and his legal representatives have denied the claims, stating they are defamatory and unsupported by evidence. The book alleges that Middle Eastern leaders provided billions to influence U.S. foreign policy, claims that Jared Kushner says never surfaced during prior investigations.
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