What Tech Giant SoftBank Wants With Boring Old Reinsurer

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The idea of a Japanese technology group spending $10 billion on a stake in one of the world’s biggest reinsurer companies sounds like the fevered ramblings of a hallucinating investment banker.

But SoftBank Group has a $100 billion investment fund to play with. And when you think about what it could be trying to build in the background, it starts to make frighteningly good sense.

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