SoftBank and ABB explore carving out China business to salvage $5.4 billion robotics deal
SoftBank, ABB explore China carve-out to salvage robotics deal, Bloomberg News reports
Japan's SoftBank and Swiss engineering group ABB are considering separating their Chinese robotics operations into a distinct entity after Beijing blocked their $5.4 billion merger earlier this week. According to Bloomberg News, which cited sources familiar with the matter, the carve-out would involve establishing a separate ownership structure for China, where ABB currently operates about 30 local companies employing roughly 15,000 people across nearly 130 cities. The report notes that China represents approximately 30% of ABB's robotics business and could be valued between $2 billion and $3 billion if spun off. This marks the second major foreign investment deal blocked by China this year, following Meta's order to unwind its acquisition of AI startup Manus in April. ABB is also evaluating other options, including finding a different buyer for the Chinese unit.
Source: Robotics — Web news discovery · Read original article ↗
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What the source reports
Publisher-reported claims, with original evidence. These results have not been independently verified by RoboSignal.
Reported numbers
employees
≈15,000
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business could potentially be valued at $2 billion to $3 billion. China is ABB's biggest robotics market and accounts for about 30% of its robotics business. It operates about 30 local companies in China with around 15,000 employees in nearly 130 cities, as well as online and offline channels in nearly 700. (Reporting by Preetika Parashuraman in BengaluruEditing by Tomasz Janowski and Alexander Smith)
Open source S4cities
130
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business could potentially be valued at $2 billion to $3 billion. China is ABB's biggest robotics market and accounts for about 30% of its robotics business. It operates about 30 local companies in China with around 15,000 employees in nearly 130 cities, as well as online and offline channels in nearly 700. (Reporting by Preetika Parashuraman in BengaluruEditing by Tomasz Janowski and Alexander Smith)
Open source S4channels
700
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business could potentially be valued at $2 billion to $3 billion. China is ABB's biggest robotics market and accounts for about 30% of its robotics business. It operates about 30 local companies in China with around 15,000 employees in nearly 130 cities, as well as online and offline channels in nearly 700. (Reporting by Preetika Parashuraman in BengaluruEditing by Tomasz Janowski and Alexander Smith)
Open source S4percent
≈30
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business could potentially be valued at $2 billion to $3 billion. China is ABB's biggest robotics market and accounts for about 30% of its robotics business. It operates about 30 local companies in China with around 15,000 employees in nearly 130 cities, as well as online and offline channels in nearly 700. (Reporting by Preetika Parashuraman in BengaluruEditing by Tomasz Janowski and Alexander Smith)
Open source S4dollars
5,400,000,000
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Nov 7 (Reuters) - Japan's SoftBank and Swiss engineering group ABB are looking at carving out the Chinese element of a $5.4 billion robotics deal which was blocked earlier this week by Beijing, Bloomberg News reported on Saturday, citing people familiar with the matter. SoftBank did not respond to requests for comment outside business hours and ABB declined to comment on the report which said that a carve-out would m
Open source S2dollars
2,000,000,000
View original evidence
ean setting up a separate entity for the China business with different ownership. This is the second deal blocked by China this year after Meta was ordered in April to unwind its more than $2 billion acquisition of AI startup Manus, as Beijing tightens scrutiny of foreign investment involving frontier technologies. ABB is also considering other options including finding another buyer, the report said, adding that the
Open source S3dollars
3,000,000,000
View original evidence
business could potentially be valued at $2 billion to $3 billion. China is ABB's biggest robotics market and accounts for about 30% of its robotics business. It operates about 30 local companies in China with around 15,000 employees in nearly 130 cities, as well as online and offline channels in nearly 700. (Reporting by Preetika Parashuraman in BengaluruEditing by Tomasz Janowski and Alexander Smith)
Open source S4
- paper: not_reported
Source excerpts and review record
Automatically extracted; no manual editorial approval recorded.
business could potentially be valued at $2 billion to $3 billion. China is ABB's biggest robotics market and accounts for about 30% of its robotics business. It operates about 30 local companies in China with around 15,000 employees in nearly 130 cities, as well as online and offline channels in nearly 700. (Reporting by Preetika Parashuraman in BengaluruEditing by Tomasz Janowski and Alexander Smith)
Open source S4
Nov 7 (Reuters) - Japan's SoftBank and Swiss engineering group ABB are looking at carving out the Chinese element of a $5.4 billion robotics deal which was blocked earlier this week by Beijing, Bloomberg News reported on Saturday, citing people familiar with the matter. SoftBank did not respond to requests for comment outside business hours and ABB declined to comment on the report which said that a carve-out would m
Open source S2
ean setting up a separate entity for the China business with different ownership. This is the second deal blocked by China this year after Meta was ordered in April to unwind its more than $2 billion acquisition of AI startup Manus, as Beijing tightens scrutiny of foreign investment involving frontier technologies. ABB is also considering other options including finding another buyer, the report said, adding that the
Open source S3
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