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SoftBank in talks to invest in Swiss Re

SoftBank CEO Masa Son
SoftBank CEO Masayoshi Son. Photo by Alessandro Di Ciommo/Getty Images.

SoftBank is in talks to acquire up to a one-third stake in reinsurer Swiss Re, which currently is valued just north of $33 billion.

Bottom line: This may be more about highly-leveraged SoftBank wanting steady cash-flow to fund future investments than it is about insurance. In other words, Masa Son is reading Warren Buffett's playbook.