Thrive Holdings to acquire ADT for $15.3 billion

Artificial intelligence investors are increasingly acquiring established service businesses with recurring revenue and upgrading their workflows with AI rather than just buying software. Recent examples include Thrive Holdings buying ADT for $15.3 billion and Long Lake agreeing to take American Express Global Business Travel private for $6.3 billion. Financial chiefs are shifting their evaluation of generative AI toward improved margins rather than immediate headcount reduction. Open article →