SoftBank Group had planned to acquire ABB's robotics business, but ABB announced on the 5th that Chinese authorities would not grant approval. ABB was reportedly notified of the acquisition by SBG.
SBG had been pursuing plans to acquire ABB's robotics business, but Chinese authorities decided not to approve the transaction. ABB announced the decision, and was reportedly notified of the acquisition by SBG.
In light of the decision by the Chinese authorities, the acquisition process may enter a new phase. ABB's announcement did not mention specific reasons or any alternative plans.