SoftBank to Acquire ABB Robotics for $5.4 Billion to Boost AI and Robotics Integration
TL;DR Summary
ABB is selling its Robotics division to SoftBank for $5.375 billion, aiming to leverage combined AI and robotics expertise, while using the proceeds to strengthen its core business areas and focus on electrification and automation.
- ABB to divest Robotics division to SoftBank Group ABB Group
- SoftBank shares soar 10% after it agrees to buy ABB robotics unit for $5.4 billion CNBC
- SoftBank Expands AI Footprint With Multibillion-Dollar Robotics Deal The Wall Street Journal
- SoftBank to buy ABB's robot business for $5.4 billion in push to merge AI and robotics Reuters
- SoftBank bulks up its robotics portfolio with ABB Group’s robotics unit Yahoo Finance
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