Japan's SoftBank Group (SBG) and Swiss heavy electrical firm ABB have signed an agreement for SoftBank to acquire ABB's robotics business for US$5.375 billion. According to reports from Nikkei and ...

Tech investment giant SoftBank Group said Wednesday it will buy Swiss-Swedish firm ABB Robotics for nearly $5.4 billion as part of its plans to bring artificial intelligence into the physical realm.

SoftBank Group Corp. agreed to acquire ABB Ltd.’s industrial robots unit at an enterprise value of almost $5.4 billion, reflecting billionaire Masayoshi Son’s growing bets on emerging technology in ...

SoftBank Group jumped over 11% after it agreed to buy ABB's robotic division. Japan's Nikkei 225 reached a new high. South Korean markets were closed for a holiday. Hong Kong-listed shares of Hang ...

Japan's SoftBank Group agreed to purchase ABB's robotic business in a deal that values it at $5.38 billion, including debt, putting an end to the Swiss company's previous plans to spin off the unit.

ABB CEO Morten Wierod tells CNBC’s Europe Early Edition why he supports SoftBank’s vision for ABB’s robotics business, following the announcement of a $5.4 billion sale to the Japanese tech group. Got ...

A new generation of AI-powered robots moving from research labs into the real world is fueled by AI tech companies and ...