China Blocks SoftBank’s Proposed $5.4 Billion ABB Robotics Acquisition
China blocked SoftBank Group’s proposed acquisition of ABB’s robotics business, according to the report.
New Delhi, Nov. 7 -- China has blocked Japanese investment conglomerate SoftBank Group's proposed $5.4 billion acquisition of the robotics business of Swiss-Swedish engineering giant ABB, dealing a significant setback to founder Masayoshi Son's ambitions to expand into physical artificial intellige…