In talks with Paytm to acquire movies and events business: Zomato

“We acknowledge that we are in discussions with Paytm for the aforementioned transaction”, said Zomato (Reuters)

Online food delivery platform Zomato said on Sunday that it is in talks with Paytm to acquire the financial technology company’s movies and events business.

In a regulatory filing, Zomato said while it is in discussions with Paytm, no binding decision has been taken yet.

“We acknowledge that we are in discussions with Paytm for the aforementioned transaction, however, no binding decision has been taken at this stage that would warrant a board approval and subsequent disclosure in accordance with applicable law,” Zomato said.