Zomato is in discussions with Paytm to potentially acquire its movie ticketing and events business, emphasizing a focus on strengthening its 'Going out' segment. While talks are ongoing, no final decision has been made yet, with the deal speculated to be around Rs 1,500 crore. Both companies have confirmed the acquisition talks, with Zomato's stock seeing a positive response to the news.
Zomato | CMP: Rs 198 | Shares of Zomato gained 5 percent as the company's intention to acquire Paytm's ticketing business received strong endorsements from brokerages.
#StartupNewsWire | #Zomato confirms talks with #Paytm for its movies, ticketing biz, @ixigo makes bumper market debut, @ImRo45 invests in LEO1 & #Google brings #GeminiAI app to India Top Headlines | @Aish_19_Anand @CNBCYoungTurks https://t.co/RB9mSdOUhl
#Paytm deal could be #Zomato's largest buyout after #UberEats, #Blinkit | Key points Catch the day's latest news here ➠ https://t.co/RlWfp0YChs https://t.co/uGUgG0sgRT
Is Zomato moving out of its core biz? Nikunj Dalmia's take on Paytm deal https://t.co/1oOk8KVezr
Stocks In News | Zomato is in discussions with Paytm to acquire their movie ticketing division; Conversation is in its early phase with no official agreement signed as of now. Here's @nikunjdalmia 's take! @_anishaj https://t.co/ROZNYqdVqE
Food delivery giant Zomato and Paytm have officially confirmed that the firms are in talks for a potential acquisition of the fintech major’s movie and event ticketing business #zomato #paytm #ticketbooking https://t.co/yJKck9VVTK
🚨 Zomato is in talks to acquire Paytm's movies and ticketing business for ₹1,500 crore. https://t.co/0lwR5ve4rs
Zomato in talks to acquire Paytm's movie ticketing business, formal announcement likely soon Tune in, Business Editor Sharmila Bhowmick (@ShormiWrites) shares details - https://t.co/6Xgvs8HmFk https://t.co/op3gk5dIID
Zomato-Paytm Deal: Acquisition talks CONFIRMED! BUY? @zomato @Paytm https://t.co/FbmlpzqZwI
#ZOMATO Zomato in talks to acquire #Paytm's movie ticketing & events business (likely a Rs 1,500-cr deal). Zomato confirms discussions but emphasizes no final decision has been made by the board.
Zomato confirmed in a stock exchange filing that it is in talks to acquire Paytm's ticketing business, but no final decision has been made. Read more: https://t.co/jsYTyoxgCJ #Zomato #StockExchange #PaytM #ITCard https://t.co/wbKg4fzhZq
1/ Food delivery unicorn @Zomato is in discussions with @Paytm to acquire its movies and ticketing business. "The above discussion is being undertaken with an intent to further strengthen our going-out business and is in line with our stated position of focusing only on our four… https://t.co/USAcBwKmqQ
News Flash | Zomato-Paytm Deal: ➡️Zomato clarifies talks on with Paytm on movie ticketing, events biz ➡️Zomato says no binding decision taken at current stage ➡️Talks to strengthen "Going out" business ➡️Deal talks in line with focus on 4 key businesses @zomato @Paytm… https://t.co/fMj02KxDYv