Berkshire Hathaway Inc aims to purchase 3% to 4% stake in One97 Communications Ltd

The potential $285.4 to 356.7 million deal assumes significance since, 1) it marks Buffet’s first direct investment in India and 2) it values Paytm at over $10 billion. On Monday, as per a report from the Economic Times, Berkshire Hathaway Inc is in talks with India’s One97 Communications Ltd, the parent of digital payments firm…

Alibaba Group Holding expands its Southeast Asian footprint by partnering with Singapore-based Lazada Group

With the emerging e-commerce boom tapping only a fraction of retail brick and mortar sales, the vast potential for e-commerce has made Southeast Asia a battle ground for the world’s top online sellers, who are rapidly expanding their footprint in order to corner more marketshare. In a movie that marks the expansion of partnership between…

Blackstone Group annuls its plans to acquire a 40% stake in mobile surveillance developer NSO Group

It would appear that the talks were annulled midst a series of complaints over the usage of spyware developed by the NSO Group and how these would reflect on Blackstone. According to sources familiar with the matter at hand, the Blackstone Group has pulled out of advanced talks to acquire a stake in Israel’s NSO…