China blocks SoftBank’s $5.4 billion takeover of ABB robotics unit
The Financial Times, citing multiple people familiar with the matter, reported that China will not allow SoftBank’s $5.4 billion acquisition of ABB’s robotics segment to proceed.
China has told Japanese investor SoftBank TSE:9984 it will not allow the $5.4 billion acquisition of the robotics segment of Swiss engineering group ABB BX:ABJ to go ahead, the Financial Times reported on Thursday, citing multiple people familiar with the matter.Here are some details