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SoftBank shares surge 13% after $5.4 billion ABB Robotics acquisition
SoftBank stock jumped after a $5.
SoftBank’s stock climbed 13% in Tokyo after it agreed to acquire ABB Robotics in a $5.4 billion deal, strengthening its push into industrial AI and automation. Analysts say the acquisition positions SoftBank as a key player in factory automation and robotics software integration. The company plans to merge ABB’s robot systems with Arm’s AI platform to build next-gen manufacturing solutions. The deal is SoftBank’s largest industrial investment since 2018’s Boston Dynamics stake. (Bloomberg)