China blocks SoftBank's $5.4 billion takeover of ABB's robotics division, FT reports

Nov 5 (Reuters) - China has told SoftBank (9984.T), opens new tab it will not allow the $5.4 billion acquisition of ⁠ABB's (ABBN.S), opens new tab robotics division to go ahead, the Financial Times reported on Thursday, citing ⁠multiple people familiar with the matter.

Reuters ⁠could not immediately verify the ⁠report.

Reporting by Sumedha ⁠Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala