Japanese mobile provider and investing powerhouse SoftBank Group is in talks with Swiss Re, mulling the acquisition of a 25% stake in the reinsurer for about $9.6bn. SoftBank declined to comment on the report. Both companies are discussing a deal for between CHF100 ($104) and CHF105 per share. The two firms have been working together since 2012 to create an insurance company that would be able to compete against global players such as Allianz SE ( and it's possible no agreement will be reached.
Japanese mobile provider and investing powerhouse SoftBank Group is in talks with Swiss Re, mulling the acquisition of a 25% stake in the reinsurer for about $9.6bn. Both companies are discussing a deal for between CHF100 ($104) and CHF105 per share. The two firms have been working together since 2012 to create an insurance company that would be able to compete against global players such as Allianz SE ( and it's possible no agreement will be reached.