China blocks SoftBank’s US$5.4 billion takeover of ABB’s robotics division

T2Covered by 1 source · first reported by China: SCMP Tech / TechNode / Pandaily / KrASIA / Sixth Tone at 05 Nov, 10:23 UTC

China’s state planner has told Japanese investor SoftBank it will not allow the US$5.4 billion acquisition ‌of the robotics segment of engineering group ABB to go ahead, the Swiss firm said on Thursday. The case marks the second major deal blocked by China this year after Meta Platforms was ordered…

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Sources

• T2China blocks SoftBank’s US$5.4 billion takeover of ABB’s robotics divisionChina: SCMP Tech / TechNode / Pandaily / KrASIA / Sixth Tone05 Nov, 10:23