Payments platform Paytm wants to raise $3 billion later this year in what would be India’s biggest ever IPO, Bloomberg reported. Backed by SoftBank, Jack Ma’s Ant Group, and Berkshire Hathaway, the company is looking for a valuation of about $30 billion, the report said. Despite facing stiff competition in payments from Google, Amazon, Walmart and Facebook, the company’s CEO said it...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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