A Wirecard observation...
Betaville's Wirecard series returns!
Well, after reading today's front page of the Companies & Markets section of the venerable Financial Times about Ant Financial's $700 million purchase of WorldFirst Betaville was struck by the fact that the timing of the deal is rather amusing given that the Chinese group was once suggested as a potential investor/acquirer of 25pc of Wirecard.
Indeed, it was Bild am Sonntag that suggested after Betaville broke news of Chinese interest in Wirecard in 2016 that Alipay, now part of Ant Financial, was looking at buying a 25pc shareholding in the German payment company that has seen its stock price crater on the back of an FT report of "allegations" (which have been denied by Wirecard).
So, this got Betaville wondering whether the Chinese will once again ride to the rescue of the embattled German payment processor...?