New Delhi: Japan`s SoftBank is in talks with potential suitors to sell digital payments platform FreeCharge owned by Snapdeal, as per a newspaper report.
SoftBank is trying to sell FreeCharge “separately for as low as $150-200 million,” a Times of India report said.
“Alibaba-owned Paytm is one of the front-runners to clinch Freecharge if terms between the two parties are agreed upon,” the TOI report added.
The Softbank-backed Snapdeal had acquired FreeCharge in April 2015.
Last month Snapdeal appointed the CEO of FreeCharge and said it will infuse an additional USD 20 million into the e-wallet firm.
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