China blocks SoftBank’s $5.4 billion takeover of ABB’s robotics division, FT reports Reuters
China blocks SoftBank’s $5.4 billion takeover of ABB’s robotics division, FT reports - Reuters
In short
China has blocked SoftBank’s planned $5.4 billion acquisition of ABB’s robotics division, according to a report from the Financial Times. Further details regarding the regulatory decision were not immediately disclosed.
Key points
- China has blocked SoftBank’s planned $5.4 billion acquisition of ABB’s robotics division,…: China has blocked SoftBank’s planned $5.4 billion acquisition of ABB’s robotics division, according to a report from the Financial Times.
- Further details regarding the regulatory decision were not immediately disclosed.: Further details regarding the regulatory decision were not immediately disclosed.