China blocks SoftBank's $5.4bn takeover of ABB's robotics division
davidyin44 · x · 2026-11-05
According to the Financial Times, Chinese regulators have blocked SoftBank's $5.4 billion acquisition of ABB's robotics division.
- The deal had already received approvals in multiple jurisdictions, and China's veto now stalls it
- ABB's robotics unit is a top-tier industrial robotics asset, so the outcome has significant implications for the robotics industry landscape
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