China regulator rejects cross-border M&A

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052026-11China blocks SoftBank's $5.4bn takeover of ABB's robotics divisionChinese authorities have told SoftBank they will not approve its $5.4 billion plan to acquire ABB's robotics business, the Financial Times reported, citing people familiar with the matter. The deal has stalled at China's regulatory stage; neither SoftBank nor ABB has publicly responded, and the specific grounds for the rejection have not been disclosed. ABB's robotics unit runs a mega-factory in Pudong, Shanghai, and the decision could affect SoftBank's strategic push into robotics and the global industry landscape.kaopunews、FT Technology