China blocks SoftBank's US$5.4 billion takeover of ABB's robotics division, FT reports

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The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025. REUTERS

China has told SoftBank it will not allow the US$5.4 billion (HK$42.12 billion) acquisition of ABB’s robotics division to go ahead, the Financial Times reported on Thursday, citing multiple people familiar with the matter.

Reuters could not immediately verify the report.

Reuters

SoftBank ABB robotics

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓