Sprint owner breaks off talks of buying stake in insurer with big KC workforce

Talks about an investment involving two huge companies with big operations in the Kansas City area have broken down.

SoftBank Group Corp., the majority owner of Sprint Corp., has ended talks aimed at buying a minority stake in insurer Swiss Re AG, FSMNews reports. The reinsurance giant has about 400 jobs in the Kansas City area.

SoftBank had sought to buy a minority stake in Swiss Re in a bid to provide the insurer more capital and SoftBank a diversified revenue stream. Talks cooled, however, over…

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