SoftBank weighs $18 billion Allied Universal acquisition

SoftBank Group is considering acquiring Allied Universal in a deal that could value the US security services provider at approximately $18 billion, according to a source familiar with the matter on Friday. The potential acquisition would mark a significant expansion by the Japanese technology conglomerate into the physical security sector. Allied Universal is one of the largest security services companies in the United States, providing guards and related services to businesses and government agencies. Reuters reported the news on October 16, citing the unnamed source. The deal is still under consideration and no final agreement has been reached, with details subject to change.