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

Source: NYT Business ·

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.

Read the full story at NYT Business

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