BRIEF-SoftBank Group Corp - To Acquire ABB's Robotics Business For $5.375 Billion

Dow Jones Industrial Average +2.49%
S&P 500 index +2.91%
NASDAQ +3.83%

Dow Jones Industrial Average

DJI

46341.51

+2.49%

S&P 500 index

SPX

6528.52

+2.91%

NASDAQ

IXIC

21590.63

+3.83%

Oct 8 (Reuters) - SoftBank Group Corp 9984.T:

  • ACQUISITION OF ABB LTD'S ROBOTICS BUSINESS

  • AGREED WITH ABB LTD TO ACQUIRE ABB’S ROBOTICS BUSINESS FOR TOTAL PRICE OF $5.375 BILLION

  • ACQUISITION EXPECTED TO SIGNIFICANTLY STRENGTHEN SBG’S AI ROBOTICS BUSINESS

  • EXPECT ACQUISITION TO CLOSE IN MID-TO-LATE 2026

  • CEO MASAYOSHI SON SAID 'TOGETHER WITH ABB ROBOTICS, WE WILL UNITE WORLD-CLASS TECHNOLOGY AND TALENT UNDER OUR SHARED VISION TO FUSE ARTIFICIAL SUPER INTELLIGENCE AND ROBOTICS'

Source text: ID:nTSvh8b0aa

Further company coverage: 9984.T


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.