SoftBank weighs $18 billion acquisition of Allied Universal: Reuters
The deal could value Allied Universal at about $18 billion as SoftBank looks to use robots for some security work, Reuters reported.
- On Friday, SoftBank Group reportedly considered acquiring Allied Universal, the largest U.S. security services provider, in a potential deal valuing the firm at about $18 billion, Bloomberg News reported.
- The potential acquisition complements SoftBank founder Masayoshi Son's increasing focus on AI, as he explores using AI-powered robots across industries to strengthen infrastructure supporting the technology.
- Allied, backed by private equity firm Warburg Pincus and Canadian pension fund La Caisse, carries about $12 billion in publicly traded debt across loans and bonds, according to Bloomberg data.
- This transaction builds on SoftBank's broader push into robotics and automation, following its agreement last year to acquire Swiss engineering group ABB's robotics business for $5.4 billion.
- Deployment of humanoid-like security workers will likely take more time, and both SoftBank and Allied declined to comment, with deliberations remaining preliminary and no final price agreed.
21 Articles
21 Articles
SoftBank Wants to Buy America's Biggest Security Guard Company and Use Robots
SoftBank is eyeing an $18 billion deal to take over the largest private security firm in America, with plans to swap out guards for robots at scale. The math only works if machines can do the job, and that question is far from settled.
SoftBank weighs $18 billion acquisition of Allied Universal, source says
SoftBank Group is considering an acquisition of Allied Universal in a deal that could value the US security services provider at about $18 billion, a source familiar with the matter said on Friday.
SoftBank Was Reported to Be in Early Talks to Acquire Warburg Pincus-Backed Allied Universal:
HedgeCo.Net — SoftBank Group is weighing an acquisition of Allied Universal, the largest security services company in the U.S., in a potential deal that could give the closely held company an equity value of as much as $18 billion, Bloomberg News reported, citing people familiar with the matter. The Wall Street Journal subsequently reported that SoftBank was in early talks to buy the company, whose backers include private equity firm Warburg Pin…
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