Topic: company divestiture

SoftBank Expands Robotics Empire with ABB Unit Acquisition

SoftBank Group has agreed to acquire ABB's robotics division for $5.375 billion, marking a strategic expansion into "physical AI" and robotics as a core growth area, with the deal expected to close by late 2026. The ABB robotics unit, which employs 7,000 people and generated $2.3 billion in reven...