China has blocked SoftBank’s $5.4 billion acquisition of ABB’s robotics business, citing concerns over strategic technology and data security. The move follows Beijing’s decision to unwind Meta’s $2 billion-plus acquisition of AI startup Manus, signalling tighter scrutiny of foreign investments.
China has blocked SoftBank’s $5.4 billion acquisition of ABB’s robotics business, citing concerns over strategic technology and data security. The move follows Beijing’s decision to unwind Meta’s $2 billion-plus acquisition of AI startup Manus, signalling tighter scrutiny of foreign investments. by Soban News (international And National News)
