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Swiss Re and SoftBank end talks

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Swiss Re and SoftBank in May 2018 agreed to end discussions about a potential minority investment of SoftBank in Swiss Re.

No explanation was given. However, SoftBank was originally considering a stake of up to 33%, as well as several seats on the Swiss Re board of directors, whilst Swiss Re said the holding would probably not exceed 10%.

GBV had reported SoftBank’s push to increase its revenue stream in February 2018‭: “SoftBank may acquire up to one-third of Swiss Re.”

According to the company, Swiss Re will “continue to implement its technology strategy with a combination of in-house developments and third-party collaborations,” as well as “further explore business deals between Swiss Re’s operative entities and the portfolio companies of SoftBank.”

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