Global payments and technology firm Mastercard Inc. announced on Wednesday that it has entered into an agreement to purchase a minority stake in MTN’s $5.2 billion fintech business. Mastercard’s strategic investment in the African telecommunications and digital services provider’s fintech business will be made via its newly launched venture capital fund, Mastercard Ventures. The major… Continue reading Mastercard purchase
Category: stake
Mastercard purchase
Mastercard, one of the world’s leading payments companies, has announced that it will acquire a minority stake in MTN Group’s financial technology business, MTN Fintech, in a $5.2 billion deal. The transaction, which is expected to close later this year, is part of an ongoing effort by MTN Group to monetise its fintech investments. The… Continue reading Mastercard purchase
Financial sells
One of the largest digital payment companies in India, Paytm, recently got some important news. Ant Financial, a major stakeholder in Paytm, has sold its massive stake worth $628 million to Paytm’s founder, Vijay Shekhar Sharma, in a no-cash deal. This news comes after Ant Financial increased its stake in Paytm last year in January… Continue reading Financial sells
Walmart pays $1.4 billion to buy Tiger Global’s remaining Flipkart stake
Walmart, the global retail giant, recently purchased Tiger Global’s remaining stake in Flipkart for an impressive sum of $1.4 billion. Flipkart is India’s biggest online player, having gained ground in the world’s second most populous nation over the past decade. Tiger Global is an American venture capital firm which invested in Flipkart back in 2009.… Continue reading Walmart pays $1.4 billion to buy Tiger Global’s remaining Flipkart stake
Fidelity slashes the value of its Twitter stake by over half
Starting today, Fidelity, one of the world’s largest asset managers, has announced that it has slashed the value of its Twitter stake by more than half. The move, which follows a period of aggressive mark-to-market losses, has reportedly cut the value of the firm’s stake in the social media giant in half. The market value… Continue reading Fidelity slashes the value of its Twitter stake by over half