Source: Entrackr

PayTm announced the acquisition of a Chennai-based online movie ticket booking platform ‘TicketNew’ backed by Alibaba Pictures. Alibaba Group company bought TicketNew in June 2017 and now PayTm is ready to pay any price for the same. According to Economic Times report, Alibaba is selling ‘TicketNew’ at a price at which Alibaba bought it. PayTm is all set to up it’s game as the company is into it’s second acquisition in the ticket-booking arena in less than a year.

Source- Entrackr

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