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M&A News: SoftBank Expands AI Reach with $5.4B ABB Robotics Acquisition

SoftBank Group (SFTBY) has agreed to acquire the robotics division of Swiss engineering company ABB (ABBNY) for $5.4 billion. The deal highlights SoftBank and CEO Masayoshi Son’s commitment to growing ...
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SoftBank to buy ABB's robot business for $5.4 billion in push to merge AI and robotics

ZURICH/TOKYO (Reuters) -SoftBank Group has agreed to buy the robotics business of Swiss engineering group ABB in a $5.4 billion deal, as the Japanese investor forges ahead with a strategy to fuse ...
Forbes

Billionaire Masayoshi Son’s SoftBank Deepens AI Push With $5.4 Billion ABB Robotics Deal

The Pepper humanoid robot developed by SoftBank. SoftBank Group—controlled by Japan’s richest person, Masayoshi Son—has agreed to buy the robotics unit of Swiss industrial giant ABB Ltd. for $5.4 ...
AZOM

ABB Robotics and Mettler-Toledo International Inc. Join Forces to Accelerate Global Adoption of Flexible Lab Automation

ABB Robotics and METTLER TOLEDO, a global supplier of precision instruments and services, have signed a Memorandum of Understanding (MOU) to offer an innovative solution that seamlessly integrates ABB ...
Bloomberg L.P.

SoftBank to Buy ABB’s Robotics Arm in $5.4 Billion Deal

SoftBank Group Corp. agreed to acquire ABB Ltd.’s industrial robots unit at an enterprise value of almost $5.4 billion, reflecting billionaire Masayoshi Son’s growing bets on emerging technology in ...
Bloomberg L.P.

SoftBank Shares Jump 13% as Bull Case Grows With ABB Robot Deal

SoftBank Group Corp.’s stock surged as much as 13% to a fresh intraday high as its plan to buy ABB Ltd.’s robotics arm boosted expectations for profit growth from artificial intelligence. The Japanese ...