Buffet shakes hands with Paytm

Warren Buffet’s Berkshire Hathaway has agreed to buy a stake in the company behind Paytm, India’s biggest digital payments brand. Buffett is set to acquire 3% to 4% of One97 Communications, valuing the target at more than $10 billion. One97 Communications, founded by billionaire Vijay Shekhar Sharma, runs the Paytm brand, the leading player in India’s booming digital payments market. – Bloomberg