3 ms·
I doubt it will. Wirecard powers too many transactions. It’s going to go into administration and someone is going to pick it up.
by the_mitsuhiko 6y ago
I doubt it will. Wirecard powers too many transactions. It’s going to go into administration and someone is going to pick it up.
- H8crilA 6y agoToo big to fail You realize that they probably have literally zero money?
- the_mitsuhiko 6y agoThat’s irrelevant. They have customers with complex integrations who can’t move. That’s worth a lot of money. Someone will want to acquire that.
- H8crilA 6y agoThat really depends on the level of debt that charges the company. If it's very high you won't get that before the bankruptcy court finishes their job. The fact that you need something doesn't mean you'll get something.
- ricardo81 6y agoI'd tend to believe your take on it. Pulling the rug from all the companies using Wirecard to process payments could cause mayhem. Though when it comes to a buyer, hard to tell how they'll be able to get to a fair valuation given the fairytale numbers they have in their books.
- lowmemcpu 6y ago> Though when it comes to a buyer, hard to tell how they'll be able to get to a fair valuation given the fairytale numbers they have in their books. I always pictured the court auctioning off assets in a firesale to the highest bidder. Is that not how it works?
- ricardo81 6y agoI am not sure, I suppose an administrator may want to tear the guts out of the business and try sell off the parts of value. Was just thinking of the people that rely on Wirecard for transactions at the moment, switching them off doesn't seem sensible for any outcome.