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WRCDF - SoftBank Group Corp. Invests In Wirecard AG: A Win-Win Situation
Wirecard AG
Recently news broke that SoftBank Group Corp. (SFTBF; SFTBY) intends to invest as much as $1 billion (precisely about 900 million euro, which amounts to about $1 billion at current exchange rates) in German fintech Wirecard AG (WRCDF; WCAGY). The move comes at a time when Wirecard's stock price has begun to recover yet still is considerably below its highs after a series of negative media coverage sparked concerns among market participants. As readers of my previous work on Seeking Alpha know, I have been critical of some issues