SOFTBANK EYEING STAKE IN SWISS RE

Japanese conglomerate SoftBank is reportedly in talks with Zurich- based reinsurer Swiss Re to buy one- third of its stake that could cost up to $ 1011 billion. Swiss Re has a market cap of $ 34 billion, and its hefty cash flow can help SoftBank with global acquisitions. It mostly picks up minority stakes in top firms and tech start- ups with great growth potential.