China Blocks SoftBank’s $5.4 Billion ABB Robotics Deal

T1Covered by 1 source · first reported by The Information (teasers) at 05 Nov, 11:07 UTC

China has blocked SoftBank Group’s $5.4 billion acquisition of the robotics unit of ABB, a Swiss-Swedish electrical and automation technology company. The Office of the Working Mechanism for Foreign Investment Security Review, part of China’s powerful National Development and Reform Commission, ...