China Blocks SoftBank’s $5.4 Billion Robotics Takeover, Impeding Foreign Deals

Chinese authorities stopped the sale of ABB Robotics, owned by a Swiss conglomerate, to SoftBank of Japan amid wider scrutiny of global transactions that could affect Beijing’s technology ambitions.Chinese authorities stopped the sale of ABB Robotics, owned by a Swiss conglomerate, to SoftBank of Japan amid wider scrutiny of global transactions that could affect Beijing’s technology ambitions. Artificial Intelligence, Robots and Robotics, Regulation and Deregulation of Industry, Mergers, Acquisitions and Divestitures, Foreign Investments, International Relations, ABB Ltd, SOFTBANK Corporation, China Read More

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