marketNovember 7, 2026
China Blocks SoftBank's Purchase of ABB Robotics Unit
China has not allowed the Japanese group SoftBank to buy the robotics division of ABB, a company registered in Switzerland and Sweden. The deal was valued at $5.375 billion.
According to experts, the reason was concern that data and technologies usable in the development of artificial intelligence could move abroad.
For someone who holds or exchanges cryptocurrency, this news has no direct bearing: it concerns a deal between industrial companies and rules on technology transfer, not the digital asset market.