One97 Communications

Filing: Berkshire Hathaway sold its shares in the Paytm-parent firm One97 Communications, booking a loss of about 40% on its 2018 investment of ~$260M

Manish Singh / TechCrunch :

Filing: Berkshire Hathaway sold its shares in the Paytm-parent firm One97 Communications, booking a loss of about 40% on its 2018 investment of ~$260M

Berkshire Hathaway sold its shares in the Paytm-parent firm One97 Communications Friday, booking a loss of about 40% on the investment it made more than five years ago.

Sources: One97 Communications, parent of Paytm, will file a draft prospectus as early as July 12 for a domestic IPO, to raise $2.3B at a $24B-$25B valuation

Sources: Warren Buffet's Berkshire Hathaway has agreed to acquire a 3%-4% stake in Paytm's parent company One97 Communications, valuing Paytm at over $10B

Softbank and Alibaba-backed Paytm may get valued at $10 billion after this funding from Berkshire Hathaway

Alibaba in talks to buy 30 to 40% stake in One97 Communications, owners of a popular Indian mobile commerce and payments platform Paytm, for $550M