Sources: China has told SoftBank it will not allow the $5.4B acquisition of ABB's robotics division to go ahead; China is the division's biggest market

China has reportedly informed SoftBank that it will not allow its $5.4 billion acquisition of ABB's robotics division to go ahead. Sources indicate the decision stems from Beijing's concerns over the transfer of sensitive Chinese robotics data and supply chains overseas. The blocked deal threatens Masayoshi Son's ambitions in physical artificial intelligence. Open article →