Zomato, Paytm clarify speculative acquisition reports, say deal evaluation yet to be decided

Food delivery giant, Zomato has confirmed that the company is in conversation with Paytm to acquire the company’s movie and events business. However, the company has yet not confirmed the evaluation of the deal. Earlier, it was speculated that the deal is pegged at Rs 1500 crore.

“We have noticed that there are certain news articles circulating in the mainstream media with the subject “Zomato in talks to acquire Paytm’s movies, ticketing business”.