Swiss Re and SoftBank have ended discussions about a minority investment by the Japanese conglomerate, the reinsurance company said in a statement on Monday.
On February 7, Swiss Re had said it was in early-stage talks with Masayoshi Son’s Softbank. Neither company offered an explanation as to why the talks failed to result in a deal.
SoftBank’s Vision Fund, founded in 2016, has been a prolific investor around the world across recent years. Investors and equity analysts have called into question the strategy behind its ragbag collection of investments.
Selling a significant minority stake to SoftBank would have...
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