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Swiss Re `Open' to Anchor Investor as SoftBank Talks Fail

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Bloomberg’s Sarah Syed reports on the collapsed talks.(Source: Bloomberg)
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Swiss Re AG said it would continue to welcome an anchor investor after Masayoshi Son’s SoftBank Group Corp. ended its pursuit of a stake in the world’s second-largest reinsurer.

The collapsed talks mark the end of nearly four months of deliberations about how SoftBank would invest in Swiss Re, though the two companies may yet agree to collaborate on some businesses. A purchase of a stake would have given the Japanese technology and investment company access to steady cash flows and help diversify its sources of income.