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Thursday, 1 June 2017

Paytm in talks to buy FreeCharge

PUBLISHED ON: June 01, 2017 BY: E-FUN and JOY IN:
According to reports, One97 Communications - the parent company of Paytm has reportedly given a definitive agreement to acquire Snapdeal's payment wallet business Freecharge. Several media reports suggest that the size of the deal is $50 million. Notably, Snapdeal acquired FreeCharge for an estimated $400 million (Rs 2,400 crore) in 2015

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