Acquisition History / Zomato (Eternal) / Paytm entertainment ticketing business (Wasteland Entertainment and Orbgen Technologies)
Zomato (Eternal) Acquires Paytm entertainment ticketing business (Wasteland Entertainment and Orbgen Technologies)
Announced August 21, 2024 — $231.4M
What happened
Zomato's board approved the purchase of One97 Communications' (Paytm) movie and event ticketing business for Rs 2,048 crore, with about 280 employees transferring. The assets, held through Wasteland Entertainment and Orbgen Technologies, were folded into Zomato's new going-out app District.
- Acquirer
- Zomato (Eternal)
- Target
- Paytm entertainment ticketing business (Wasteland Entertainment and Orbgen Technologies)
- Announced
- August 21, 2024
- Price
- $231.4M
- Industry
- Event and movie ticketing
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Zomato (Eternal) acquire Paytm entertainment ticketing business (Wasteland Entertainment and Orbgen Technologies)?
Zomato (Eternal) acquired Paytm entertainment ticketing business (Wasteland Entertainment and Orbgen Technologies) on August 21, 2024. This was Zomato (Eternal)'s 1st publicly tracked acquisition out of 1 we have on record.
How much did Zomato (Eternal) pay for Paytm entertainment ticketing business (Wasteland Entertainment and Orbgen Technologies)?
Zomato (Eternal) paid $231.4M for Paytm entertainment ticketing business (Wasteland Entertainment and Orbgen Technologies).
What does Paytm entertainment ticketing business (Wasteland Entertainment and Orbgen Technologies) do?
Zomato's board approved the purchase of One97 Communications' (Paytm) movie and event ticketing business for Rs 2,048 crore, with about 280 employees transferring. The assets, held through Wasteland Entertainment and Orbgen Technologies, were folded into Zomato's new going-out app District.
What other Event and movie ticketing companies has Zomato (Eternal) acquired?
Paytm entertainment ticketing business (Wasteland Entertainment and Orbgen Technologies) is Zomato (Eternal)'s only publicly tracked acquisition in Event and movie ticketing so far.