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

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