SoftBank Weighs $30 Billion Allied Universal Acquisition
SoftBank Group Corp. is considering acquiring Allied Universal, the largest security services company in the US, in a transaction worth nearly $30 billion including debt, Bloomberg reported, according to Investing.com. Discussions are preliminary, and no decision has been made on a deal or its price.
Allied Universal could be valued at up to $18 billion in equity and has about $12 billion in publicly traded debt. The company provides security personnel and other services for businesses, events and infrastructure, including New York City's subway system.
The acquisition could give SoftBank a large workforce and customer base for deploying robots powered by AI. SoftBank founder Masayoshi Son has identified security services, including staffing at temporary events such as concerts, as a possible market for robots.
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