From BigGo Finance · BigGo Finance · · 1m 30s
SoftBank Eyes Allied Universal in $30 Billion Deal
SoftBank may acquire Allied Universal, the largest US private security firm, for up to $30 billion to deploy AI robots.
In brief
SoftBank may acquire Allied Universal, the largest US private security firm, for up to $30 billion to deploy AI robots. SoftBank is exploring a $30 billion acquisition of Allied Universal to test AI-powered security robots at scale. Originally reported by BigGo Finance.
SoftBank Eyes Allied Universal
SoftBank Group is exploring an acquisition of Allied Universal, the largest private security company in the United States.
Deal Valued at Up to $30 Billion
The deal could value the firm at about $18 billion in equity and close to $30 billion including debt.
Preliminary Talks
Discussions are preliminary and no final decision has been reached on price or structure.
Masayoshi Son's AI Focus
Masayoshi Son views the security industry as a promising area for deploying AI-powered robots.
Allied Universal Operations
Allied Universal provides security for New York City's subway system, data centers, canine units and bomb technicians.
Acquisition Benefits
The acquisition would give SoftBank an established customer base for testing robotics at scale.
SoftBank Declined to Comment
SoftBank declined to comment, while Allied Universal did not immediately respond to a request for comment.
Allied Universal's History
Allied Universal was formed in 2016 from the merger of AlliedBarton and Universal Services of America.
Recent Acquisitions
Allied Universal doubled in scale by acquiring British rival G4S for about $5.3 billion in 2021 and has kept buying smaller competitors.
The one thing
SoftBank is exploring a $30 billion acquisition of Allied Universal to test AI-powered security robots at scale.
