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China blocks SoftBank’s $5.4 billion takeover of ABB’s robotics division, FT reports - Reuters

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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.

Sources checked by our analysis pipeline: 1

China blocks SoftBank’s $5.4 billion takeover of ABB’s robotics division, FT reports    Reuters

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