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• Thrive Holdings agrees to acquire ADT in an all-cash take-private deal, valuing ADT at ~$7.6B in equity value, a ~46% premium over its October 27 closing price (Claire Rychlewski/Axios)

  The multi-billion-dollar buyout transitions the prominent home security provider into a private company under new ownership. The transaction delivers immediate cash value to shareholders at a substantial markup compared to late October trading levels. Moving off public markets establishes an enterprise valuation that reaches into the mid-teens billions.

  1 min read
• Kodiak AI stock gains amid Stoneridge partnership announcement

  Investor interest in the autonomous technology firm picked up following official confirmation of a strategic alliance between the two companies. While broader commercial terms remain private, market participants reacted positively to the tie-up with the vehicle electronics designer. Specific financial figures and operational milestones tied to the development have not yet been shared.

  1 min read
• Home prices fall and rents rise, both for the first time in three years

  High mortgage rates and broader economic concerns have pushed monthly homebuyer payments near record highs, freezing sales and driving pending transactions to a 25-year low. As priced-out prospective buyers retreat from purchasing, increased demand for leases has begun to tighten multifamily vacancies. This shifting dynamic is helping landlords regain pricing power across various major metropolitan areas.

  2 min read