Swiss Re and SoftBank end talks
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.”