According to reports, digital payments and commerce firm Paytm is expected to buy SoftBank-backed rival FreeCharge at a 50% discount for as low as $200 million. Notably, FreeCharge was acquired by Snapdeal in 2015 at an estimated $400 million. This comes amid reports of SoftBank looking to sell Snapdeal to Flipkart and dropping Paytm as a Snapdeal bidder over lower valuation offered.
