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SoftBank to Acquire ABB’s Robotics Arm for $5.4B in Bold AI-Robotics Bet
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News Editor / 1 week
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- 2 min read
SoftBank Group has struck a landmark deal to acquire the robotics division of Swiss industrial technology firm ABB for approximately $5.4 billion, positioning the Japanese conglomerate to deepen its bet on AI-driven robotics. Under terms of the transaction, ABB will abandon prior plans to spin off the unit as a standalone public company and instead […]