China Blocks SoftBank’s $5.4 Billion Robotics Takeover, Impeding Foreign Deals

The New York Times – Business:

Chinese authorities stopped the sale of ABB Robotics, owned by a Swiss conglomerate, to SoftBank of Japan amid wider scrutiny of global transactions that could affect Beijing’s technology ambitions.

Adam Satariano
Author: Adam Satariano

This post first appeared in The New York Times – Business. Read the original article.

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