“Paytm has acquired TicketNew — a Chennai-based online ticketing startup — in an all-stock deal to strengthen its entertainment ticketing business. Paytm Entertainment, run by the online payments major, has bought out the majority stake held by Alibaba Pictures — an arm of China’s internet behemoth Alibaba — valuing the company at around $30 million, TOI has learnt,” reported The Times of India.
Shardul Amarchand Mangaldas & Co advised
2018-04-26
Deal value: US$ 40 million
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