Zomato and Paytm Confirm Acquisition Talks for Movies and Ticketing Business
In a significant development, Zomato and Paytm have confirmed that they are in discussions regarding the acquisition of Paytm’s movies and ticketing business. This revelation follows reports suggesting that Zomato is looking to acquire Paytm’s movies and ticketing vertical for an estimated Rs 1,600–1,750,600–1,7190–210e ($190–210 million). Confirmation of Discussions Both companies have acknowledged the ongoing…