16 Hrs
Source:
الاقتصادية
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Source: الاقتصادية
16 Hrsالاقتصادية
Source: الاقتصادية
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SoftBank and ABB are considering carving out the Chinese operations from SoftBank’s $5.4 billion acquisition of ABB’s robotics unit, after Beijing halted the deal over concerns about data protection and technology. China is the unit’s largest single market. SoftBank is leading talks to separate those operations into an independent entity, but there is no guarantee an agreement will be reached. ABB is also considering alternative buyers or relaunching the unit as a standalone company. The Chinese operations could be valued at between $2 billion and $3 billion. The stalled deal sent SoftBank shares down 11% in Tokyo, while ABB’s capacity to fund new acquisitions fell to around $5 billion.
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