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SoftBank Expands AI Reach with $5.4B ABB Robotics Acquisition
SoftBank Expands AI Reach with $5.4B ABB Robotics Acquisition
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BTCCSquare news:
SoftBank Group has agreed to acquire ABB's robotics division for $5.4 billion, signaling its aggressive push into AI and automation. The deal cancels ABB's earlier plans to spin off the unit, instead delivering immediate cash proceeds to shareholders. ABB shares ROSE 1% in Zurich following the announcement.
The transaction underscores SoftBank CEO Masayoshi Son's strategy to position the conglomerate at the center of the AI revolution. Completion is expected by late 2026, pending regulatory approvals. ABB will deploy the capital for strategic acquisitions and shareholder returns.
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