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

New York Times ·First reported
New York TimesChina Blocks SoftBank’s $5.4 Billion Robotics Takeover, Impeding Foreign Deals
Image: New York Times

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.

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