China blocks SoftBank’s $5.4bn takeover of ABB’s robotics division
Swiss-Swedish company’s unit is focused on Chinese market and has mega-factory in Pudong
TL;DR
- China has blocked SoftBank's $5.4 billion takeover bid for ABB's robotics division.
- ABB's robotics unit is a key player in the Chinese market.
- The division operates a mega-factory located in Pudong, China.