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Warren Buffett’s Berkshire Hathaway exits Paytm at a 40% loss

Warren Buffett’s Berkshire Hathaway exits Paytm at a 40% loss

a year ago
Anonymous $Wk0x7O2ZQM

https://techcrunch.com/2023/11/24/warren-buffett-berkshire-hathaway-exits-paytm-at-a-40-loss/

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.

The Warren Buffett firm invested about $260 million in Paytm in 2018, acquiring a 3% stake in the financial services startup at a valuation of about $10 billion.