Wirecard lands $1 billion investment from Japan’s Softbank

BERLIN (Reuters) – Japan’s Softbank Group Corp will invest around 900 million euros ($1 billion) in Wirecard in a convertible bond deal that could give it a 5.6 percent stake in the German digital payments company.

The investment by the world’s biggest private technology company is a vote of confidence in Wirecard’s business as it defends itself against allegations of fraud, and will allow the Munich-based firm to expand its operations in Asia.

Source:
https://www.reuters.com/article/us-wirecard-m-a-softbank-group/japans-softbank-to-buy-5-6-percent-of-wirecard-for-around-1-billion-idUSKCN1S00GJ?il=0&fbclid=IwAR3t5sEhZc4LlY2NV01xLqc9RSLaf04cj4_dCXsaM3p5IwpQxSoS87jZzNM