logo
About Contact

China Rejects SoftBank's $5.4 Billion Acquisition of ABB Robotics, Highlighting Control Over Tech Investments

World News

China Rejects SoftBank's $5.4 Billion Acquisition of ABB Robotics, Highlighting Control Over Tech Investments

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 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.

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.

Coverage dates

First reported:

First saved on ClustZ:

Coverage updated:

We use cookies to improve your experience and analyze site traffic. By clicking "Accept", you agree to our use of cookies. See our Privacy Policy.