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Paytm buys TicketNew from Alibaba

Paytm buys TicketNew from Alibaba
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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.

Read the full story at https://timesofindia.indiatimes.com/business/india-business/paytm-buys-ticketnew-from-alibaba/articleshow/64280639.cms

SOURCE: Times of India

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