Paytm in discussions to buy UCWeb’s India biz - English Newshunt

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Friday, October 12, 2018

Paytm in discussions to buy UCWeb’s India biz

Over the past few weeks, top executives of the companies have met to discuss the acquisition. For Paytm, CFO Madhur Deora is leading the discussions. UCWeb, which has a monthly active user base of 130 million in India, had previously held talks with local smartphone makers here to buyout its local business, but those talks appear to have stalled.

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