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Strategies & Market Trends : Buffettology

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From: Sr K	7/14/2019 11:07:24 PM
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Why is an old article coming out now in the WSJ? Buffett’s Berkshire Hathaway Invests in India Mobile-Payments Firm The conglomerate acquired a stake in One97 Communications, the parent company of mobile-payments company Paytm August 27, 2018 Updated Aug. 27, 2018 11:35 am ET The Omaha, Neb., conglomerate said Monday it invested in One97 Communications Ltd., the parent company of Paytm. The Noida, India-based company is India’s largest mobile-payments firm. It makes a popular smartphone app that can be used to pay for everything from movie tickets to auto-rickshaw rides. Mr. Buffett’s assistant Debbie Bosanek said that Mr. Buffett wasn’t involved in the deal. She didn’t immediately confirm the size of the investment. Berkshire was in talks to invest 20 billion to 25 billion rupees ($285 million to $357 million), according to a person familiar with the matter.

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