BusinessPhoto: Mint CompaniesChina Blocks SoftBank's $5.4 Billion ABB Robotics Deal
China has blocked SoftBank's $5.4 billion acquisition of ABB's robotics business due to concerns over strategic technology and data security. This follows Beijing's earlier decision to unwind Meta's $2 billion-plus acquisition of AI startup Manus, indicating increased scrutiny on foreign investments in sensitive technology sectors.
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