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China Halts SoftBank's $5.4 Billion Acquisition of ABB Robotics, Impacting AI Tech Landscape

Technology News

China Halts SoftBank's $5.4 Billion Acquisition of ABB Robotics, Impacting AI Tech Landscape

China blocks SoftBank's $5.4bn deal for ABB robotics division

Nikkei Asia

China blocks SoftBank's $5.4bn deal for ABB robotics division

TOKYO -- Chinese authorities have moved to block Japanese tech conglomerate SoftBank Group's purchase of the robotics division of ABB, the Swiss-Swedish multinational said in a statement Thursday.

Silicon UK

China Blocks SoftBank’s Acquisition Of ABB’s Robotics Business

China's state planner bars SoftBank from buying ABB's robotics division, in significant setback for Japanese group's physical AI plans

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

South China Morning Post

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

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...

China blocks SoftBank's $5.4 billion takeover of ABB's robotics division: FT

Economic Times

China blocks SoftBank's $5.4 billion takeover of ABB's robotics division: FT

Softbank had agreed to buy ABB's robotics business in October last year, as CEO Masayoshi Son sought to establish SoftBank as a core player in the development of artificial intelligence.

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

The Straits Times

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

China blocks SoftBank’s US$5.4 billion ABB robotics takeover amid tighter scrutiny of foreign investment and AI-related data transfers.

China blocks SoftBank’s $5.4bn ABB robotics unit acquisition

Silicon Republic

China blocks SoftBank’s $5.4bn ABB robotics unit acquisition

Sources told the Financial Times that authorities are concerned about assets being exported to Japan.

China Blocks $5.4 Billion SoftBank Robot Deal, Flexing Control Over AI Tech

The Wall Street Journal

China Blocks $5.4 Billion SoftBank Robot Deal, Flexing Control Over AI Tech

Beijing is seeking to keep AI data and expertise developed at home from leaking abroad.

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