Zomato in talks to acquire Paytm's movie, events biz for Rs 2,000 crore

Food delivery major Zomato is in advanced talks to acquire fintech player Paytm’s movie and event ticketing business, a potential deal that is pegged in the range of Rs 1,600 crore-2,000 crore, sources said. The talks are taking place at a time when Paytm is focusing on its payments and financial services business.Once finalised, this will be the food delivery major’s second biggest purchase since acquiring Blinkit in 2022 for $569 million in an all-stock deal. Sources said that Paytm is currently merging its movies business and the insider vertical into a single team. Attempts to connect with Paytm and Zomato were not successful till the time of the press. In a recent regulatory filing, food delivery aggregator Zomato had said that it will be investing Rs 100 crore in its entertainment business, which is into live events and ticketing.