Paytm may buy Alibaba-backed TicketNew for $40 mn: Reports
Digital payments startup Paytm is in advanced talks to buy Chennai-based ticketing startup TicketNew for $30-$40 million, as per reports. The ticketing platform was founded in 2007 and its majority stake was acquired by Alibaba Pictures last year, a Chinese film company under the Alibaba Group. The acquisition is likely to be completed by next month, the reports added.