China blocks SoftBank’s $5.4b acquisition of ABB’s robotics division
China’s National Development and Reform Commission has blocked SoftBank’s $5.4 billion acquisition of ABB’s robotics division. According to reports, the regulatory decision stems from concerns that robotics data could be transferred overseas to train artificial intelligence models. Open article →
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- Sources: China has told SoftBank it will not allow the $5.4B acquisition of ABB's robotics division to go ahead; China is the division's biggest market
- China blocks SoftBank’s $5.4b ABB robotics deal
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- SoftBank and ABB agreed on a $5.4 billion price. China kept the veto. Their deal for ABB’s glob...
- China blocks SoftBank’s $5.4 billion takeover of ABB’s robotics division, FT reports