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Fresh troubles for SoftBank's Masayoshi Son as Wirecard drama unfolds

Wirecard won't force SoftBank to write down any assets - because the tech conglomerate never put money into Wirecard itself.

Topics
Softbank Group | SoftBank | Masayoshi Son

Shuli Ren | Bloomberg 



wirecard
SoftBank facilitated a $1-bn convertible bond deal for Wirecard.

What’s more perplexing, a firm that can’t seem to avoid due diligence failures, or one that throws its name behind a controversial partner without putting in a dime? Investors in Group may have seen a bit of both. Now, its entanglement with Wirecard AG leaves shareholders wondering exactly what kind of business they’ve been sinking their money into.

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First Published: Thu, July 02 2020. 21:37 IST

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