Chinese regulators block SoftBank's acquisition of ABB Robotics

Chinese regulators blocked SoftBank Group's $5.375 billion acquisition of ABB Robotics, citing concerns about robotics data transfer and AI model training.

“China‘s Office of the Working Mechanism for Foreign Investment Security Review has prohibited the acquisition in the country.”themorningpulse.fyi

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• themorningpulse.fyiChinese regulators block SoftBank’s $5.4B acquisition of ABB Robotics | TheMorningPulse.fyiBrianna WesslingJan 1, 2019

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