Berkshire Hathaway buys stake in Paytm
By Trevor Hunnicutt, Sankalp Phartiyal and Kane Wu NEW YORK/MUMBAI/HONG KONG (Reuters) - Berkshire Hathaway Inc has acquired a 25 billion rupees ($356 million) stake in the parent of digital payments company Paytm, a source said, its first investment in an Indian startup as it moves into the financial payments sector. The conglomerate run by billionaire Warren Buffett confirmed in an email that Berkshire had invested in One97 Communications Ltd. Buffett was not involved in the transaction, his assistant Debbie Bosanek said in the email, ...
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