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19 April 2017

SoftBank considers billion-dollar One97 investment

The telecom group is reportedly in negotiations to acquire a 20% stake in the Paytm owner at a valuation that will likely be between $7bn and $8bn.

Author: Robert Lavine, News Editor

Telecommunications group SoftBank is in talks to invest in One97 Communications, the India-based e-commerce company that owns payment platform Paytm, the Economic Times and Livemint reported today, each citing three people familiar with the matter.