ABB to sell robots business to SoftBank in $5.38 billion deal
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 robotics and artificial intelligence.
The acquisition, announced on Wednesday, is the latest by founder and CEO Masayoshi Son to establish Softbank as a core player in the development of artificial intelligence.
