China Blocks SoftBank’s $5.4 Billion Acquisition of ABB Robotics Unit
China blocked SoftBank’s acquisition of ABB’s robotics unit, a deal valued at $5.4 billion.
By Raffaele HuangChina has blocked SoftBank's $5.4 billion acquisition of ABB's robotics unit, highlighting Beijing's determination to lock in its edge in physical artificial intelligence and protect high-value technology from leaking to foreign rivals.Zurich-based ABB said Thursday that SoftBank t…