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

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.

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