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Strategic Acquisition

Zomato Completes Acquisition of Paytm’s Entertainment and Ticketing Business

Leave a Comment / By / Media Entertainment & Art Community

Zomato has successfully completed the acquisition of Paytm subsidiaries Wasteland Entertainment Pvt Ltd (WEPL) and Orbgen Technologies Pvt Limited (OTPL) for ₹2,048 crores, marking its entry into the entertainment ticketing business. This strategic move aims to expand Zomato’s reach beyond food delivery into the entertainment sector. The acquisition, finalized on August 21, was confirmed through …

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Cognizant to Pay $1.3 Billion in Belcan Acquisition

Leave a Comment / By / Human Resource Community

The engineering resources and development company will slot in as a Cognizant operating unit. IT consultancy and reseller Cognizant signaled its high priority for engineering services by announcing its intent to acquire Belcan. New Jersey-based Cognizant is buying Belcan from private equity investor AE Industrial Partners for about $1.3 billion in stock and cash. The …

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