Softbank wants to end Wirecard partnership - report

Wednesday, 01. July 2020 20:40

Softbank Group Corp. wants to end its cooperation with Wirecard AG amid the company's financial scandal, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Softbank currently has a five-year deal with Wirecard.

Last year, Softbank invested €900 million in Wirecard and became a strategic partner of the company. Earlier, reports said Softbank could sue Ernst & Young over its involvement in the Wirecard's accounting scandal.

Related Links: Wirecard AGSoftbank Group Corporation
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