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Reuters

Reuters

India's Zomato to buy Paytm's movie and event ticketing units for $244 million

Reuters
Summary
Nutrition label

78% Informative

Zomato said on Wednesday it will acquire movie and events ticketing businesses of digital payments firm Paytm .

The move aligns with its efforts to expand its non-core businesses, which include restaurant table booking services and an events organizing and ticketing unit.

Paytm built its movie ticketing business in-house and acquired Insider and TicketNew for 2 billion rupees.

VR Score

88

Informative language

96

Neutral language

24

Article tone

semi-formal

Language

English

Language complexity

63

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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