Paytm signs non-exclusive deal to acquire FreeCharge: Report
Paytm has reportedly signed a non-exclusive term sheet to acquire Snapdeal-owned payments platform FreeCharge. The term sheet being non-exclusive means that Snapdeal will be able to propose FreeCharge to other potential buyers as well. Paytm-FreeCharge deal could be finalised at $45 million to $90 million, 80% less than $450 million that FreeCharge was valued at, when Snapdeal acquired it. 