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SoftBank’s $1 billion Wirecard bet under scrutiny as troubled payments processor fights for survival

June 24, 2020 / Ryan Browne

SoftBank has come under renewed scrutiny about its investment strategy but this time it’s about one of the Japanese tech conglomerate’s lesser-known bets.
Last year, the company made a 900 million euros ($1 billion) investment in Wirecard, as part of a broader tie-up between the two on digital payments. But that deal has raised eyebrows now due to a deepening accounting crisis at the German payments processor.