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...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
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.
Jack Ma Returns To China
First Citizens to Buy SVB’s Deposits, Loans From Government
Apple Insiders Debate Prospects for Mixed Reality Headsets
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive startups electric vehicles
SpaceX Plans New Funding With Backing From Saudi, UAE Investors