Kushner's Thrive Holdings to buy ADT for $7.6B in cash

Thrive Holdings, an offshoot of Joshua Kushner's Thrive Capital Management, has agreed to acquire home security provider ADT Inc. in an all-cash deal worth $7.6 billion. It marks one of the venture firm's largest bets to date.

• Deal valued at $7.6 billion, paid entirely in cash
• Buyer is Thrive Holdings, part of Thrive Capital Management
• ADT provides home security services