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Mar 08, 2013
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Bookmyshow acquires Chennai-based rival
Ticketing portal Bookmyshow.com has acquired a Chennai-based Ticketgreen.com for an undisclosed amount. Ticketgreen catered to the entire South Indian market.Bookmyshow is owned by Bigtree Entertainment, which has investments by private equity player Accel Partners and media firm Network 18.The acquisition of Ticketgreen comes seven months after Accel Partners infused Rs 100 crore in the movie ticketing firm. With this deal, all key assets of Ticketgreen will be transferred to Bookmyshow.com along with all existing cinema partnerships under the Ticketgreen brand, said Ashish Hemrajani, founder, Bookmyshow.com.
Source -
http://www.thehindubusinessline.com
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