China blocks SoftBank's $5.4 billion takeover of ABB's robotics division
China blocks SoftBank’s $5.4 billion takeover of ABB’s robotics division
China's state planner has prohibited SoftBank from acquiring ABB's robotics business for $5.4 billion, citing national security concerns and strained China-Japan relations. This decision marks the second major foreign investment deal blocked by Beijing this year, following Meta's forced divestment of its AI startup Manus. The National Development and Reform Commission (NDRC) raised specific concerns about potential data transfers to the US and SoftBank's ties with Western technology firms like OpenAI. ABB, which relies on China for approximately 30% of its robotics business, stated it is in dialogue with SoftBank to find a solution, though the transaction remains uncertain.
Source: Robotics — Web news discovery · Read original article ↗
Loading article text…
What the source reports
Publisher-reported claims, with original evidence. These results have not been independently verified by RoboSignal.
Reported numbers
share price drop
2.7
View original evidence
lopment and Reform Commission (NDRC) had prohibited the acquisition, the report said. The NDRC reviews foreign investments that might have national security implications. SoftBank declined to comment. The NDRC did not immediately respond to a request for comment. ABB shares were down 2.7% by 1458 GMT. Chinese authorities are concerned about the potential transfer of sensitive data to the US and SoftBank's ties with W
Open source S4share price drop
6.8
View original evidence
pment center and production base for ABB Group. SoftBank shares were down about 5% before the FT published the report and they ended the day down 6.8%. The blocked ABB deal comes less than a week after SoftBank-backed digital-payments company OPay withdrew a US initial public offering, citing a regulatory inquiry by a foreign jurisdiction it did not identify. OPay would have raised $304 million from the IPO after pr
Open source S8number of employees
≈15,000
View original evidence
s, the person said. China is ABB's biggest robotics market, accounting for about 30% of its robotics business. ABB operates about 30 local companies in China with around 15,000 employees located in nearly 130 cities, as well as online and offline channels in nearly 700 cities. According to its website, ABB Engineering (Shanghai) houses the company's global robotics headquarters and is an important research-and-develo
Open source S7number of cities with offline channels
700
View original evidence
s, the person said. China is ABB's biggest robotics market, accounting for about 30% of its robotics business. ABB operates about 30 local companies in China with around 15,000 employees located in nearly 130 cities, as well as online and offline channels in nearly 700 cities. According to its website, ABB Engineering (Shanghai) houses the company's global robotics headquarters and is an important research-and-develo
Open source S7share price drop
≈5
View original evidence
pment center and production base for ABB Group. SoftBank shares were down about 5% before the FT published the report and they ended the day down 6.8%. The blocked ABB deal comes less than a week after SoftBank-backed digital-payments company OPay withdrew a US initial public offering, citing a regulatory inquiry by a foreign jurisdiction it did not identify. OPay would have raised $304 million from the IPO after pr
Open source S8
- paper: not_reported
Source excerpts and review record
Automatically extracted; no manual editorial approval recorded.
s, the person said. China is ABB's biggest robotics market, accounting for about 30% of its robotics business. ABB operates about 30 local companies in China with around 15,000 employees located in nearly 130 cities, as well as online and offline channels in nearly 700 cities. According to its website, ABB Engineering (Shanghai) houses the company's global robotics headquarters and is an important research-and-develo
Open source S7
lopment and Reform Commission (NDRC) had prohibited the acquisition, the report said. The NDRC reviews foreign investments that might have national security implications. SoftBank declined to comment. The NDRC did not immediately respond to a request for comment. ABB shares were down 2.7% by 1458 GMT. Chinese authorities are concerned about the potential transfer of sensitive data to the US and SoftBank's ties with W
Open source S4
pment center and production base for ABB Group. SoftBank shares were down about 5% before the FT published the report and they ended the day down 6.8%. The blocked ABB deal comes less than a week after SoftBank-backed digital-payments company OPay withdrew a US initial public offering, citing a regulatory inquiry by a foreign jurisdiction it did not identify. OPay would have raised $304 million from the IPO after pr
Open source S8
China blocks SoftBank’s $5.4 billion takeover of ABB’s robotics division
Open source S1
Source：Robotics — Web news discovery · msn.com