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China blocks SoftBank Acquisition of ABB Robot Unit, FT Says
China Blocks SoftBank Acquisition of ABB Robot Unit, FT Says
TL;DRChina blocked SoftBank's purchase of ABB's robotics business.
Why it matters: Signals tightening tech restrictions and reshapes robotics market consolidation globally.
China has blocked SoftBank Group Corp.’s deal to acquire ABB Ltd.’s robots unit, the Financial Times reported, citing unidentified people.
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