{"id":846846,"date":"2024-08-22T10:35:18","date_gmt":"2024-08-22T05:05:18","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=846846"},"modified":"2024-08-22T10:36:10","modified_gmt":"2024-08-22T05:06:10","slug":"zomato-to-buy-paytms-movie-and-events-ticketing-biz-for-%e2%82%b92048-crore","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/22\/zomato-to-buy-paytms-movie-and-events-ticketing-biz-for-%e2%82%b92048-crore\/","title":{"rendered":"Zomato to buy Paytm\u2019s movie and events ticketing biz for \u20b92,048 crore"},"content":{"rendered":"<p>Zomato is set to acquire Paytm&#8217;s entertainment and ticketing business for \u20b92,048.4 crore or $244 million, as the food delivery giant aims to strengthen its presence in the &#8220;going-out&#8221; sector. Meanwhile, Paytm, facing challenges, intends to concentrate on its core financial services.<\/p>\n<p>Both companies&#8217; boards approved the cash transaction on August 21, as disclosed to the exchanges.<\/p>\n<p>Under the agreement, One 97 Communications will transfer its movie ticketing business to its wholly-owned subsidiary OTPL and its sports and events ticketing business to another wholly-owned subsidiary, WEPL, through a slump sale.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Zomato is set to acquire Paytm&#8217;s entertainment and ticketing business for \u20b92,048.4 crore or $244 million, as the food delivery giant aims to strengthen its presence in the &#8220;going-out&#8221; sector. Meanwhile, Paytm, facing challenges, intends to concentrate on its core financial services. Both companies&#8217; boards approved the cash transaction on August 21, as disclosed to the exchanges. Under the agreement, One 97 Communications will transfer its movie ticketing business to its wholly-owned subsidiary OTPL and its sports and events ticketing business to another wholly-owned subsidiary, WEPL, through a slump sale.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-846846","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/846846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=846846"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/846846\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=846846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=846846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=846846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}