China blocks SoftBank's $5.4B deal to buy ABB's robotics unit
- ABB says Beijing has prohibited the planned sale.
- The $5.375 billion deal is now in doubt.
- Robotics is a strategic industry for China.
ABB says Beijing has prohibited the planned $5.375 billion sale of its robotics unit to SoftBank, putting the deal in doubt.
Why it matters to youBig cross-border deals in "strategic" tech now need political approval too, not just a buyer and a price. If you sell or partner abroad, plan for that risk.
Source: RTTNews
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