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China blocks SoftBank's $5.4bn robotics deal with ABB
Original: China blocks SoftBank’s $5.4bn takeover of ABB’s robotics division
China has blocked SoftBank's $5.4 billion acquisition of ABB's robotics division, according to the Financial Times. The decision prevents the Japanese investment group from completing a major purchase in the industrial robotics sector, a field of growing strategic importance. It highlights Beijing's tightening review of foreign deals involving advanced technology and its influence over global M&A activity.
Why now: Beijing's veto of a major cross-border tech deal raises concerns about geopolitics reshaping global industrial M&A.
ChinaSoftBankABBFinancial Times
Evidence
- China blocks SoftBank’s $5.4bn takeover of ABB’s robotics division · Financial Times
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