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Softbank's $1B Wirecard Investment Under Scrutiny

by cnbc.com posted 8months ago 104 views
SoftBank's investment and partnership with Wirecard has renewed scrutiny about the Japanese tech conglomerate's investment strategy. : 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.