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China Blocks SoftBank’s $5.4 Billion Robotics Takeover, Impeding Foreign Deals

From The New York Times - Business 1 min read
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China Blocks SoftBank’s $5.4 Billion Robotics Takeover, Impeding Foreign Deals
Image: The New York Times - Business

Chinese authorities stopped the sale of ABB Robotics, owned by a Swiss conglomerate, to SoftBank of Japan amid wider scrutiny of global transactions that could affect Beijing’s technology ambitions.

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