China blocks SoftBank's $5.4 billion acquisition of ABB robotics unit, FT reports
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China has blocked SoftBank's proposed $5.4 billion acquisition of ABB's robotics division, according to a report by the UK's Financial Times, as cited by Reuters. The report does not specify the regulatory grounds or the stage of the review at which the deal was stopped. The transaction would have transferred ABB's industrial robotics business to SoftBank. No immediate comment from Chinese authorities, SoftBank, or ABB was included in the source item. The reported intervention underscores regulatory scrutiny of cross-border acquisitions involving robotics and automation assets.
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China has blocked SoftBank's $5.4 billion acquisition of ABB's robotics division, according to a report by the Financial Times.
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China Blocks SoftBank's $5.4 Billion Takeover of ABB Robotics Unit