Zomato buys Paytm’s entertainment ticket business for $244 million

Zomato has acquired financial services firm Paytm’s entertainment ticketing business for $244.1 million as the Indian food delivery giant expands its focus into new areas of growth.

“Paytm’s move to sell its entertainment ticketing business underscores its core focus on payments and financial services distribution,” Paytm said in a stock exchange filing.

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