Japanese tech conglomerate looks to distance itself after it helped arrange a $1bn investment

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SoftBank Group Corp. is looking to distance itself from Wirecard AG, after the Japanese tech conglomerate helped arrange a $1bn investment months before the German payments company went bust.

One of the world’s largest technology investors, SoftBank is seeking to terminate a five-year partnership its investment arm formed with Wirecard in April 2019, according to people familiar with the matter.

SoftBank looks to end partnership with Wirecard

Caitlin Ostroff

Margot Patrick

Wirecard

SoftBank

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