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via wsj.comBusiness & Companies

ABB confirms China blocked SoftBank deal for its robotics unit

FROM THE WIRE · WSJ.COM

The move puts the brakes on SoftBank's bid to buy ABB's robotics division, a deal agreed in October last year at an enterprise value of $5.375 billion.

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishBlocking a $5.375 billion cross-border deal can weigh on ABB shares and on M&A expectations in robotics.AI-generated summary
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
ABB LtdABBStock37.13 USDMarket closedtoday 0.00%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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