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SoftBank may sell Freecharge at 50% discount for $200 million

SoftBank may sell Freecharge at 50% discount for $200 million

Thursday, April 6, 2017, 9:03 AM

SoftBank is in talks with potential suitors to sell Freecharge, the mobile wallet platform owned by Snapdeal, separately for as low as $150-200 million. Paytm is one of the frontrunners to clinch Freecharge if terms between the two parties are agreed upon. Freecharge was bought by Jasper Infotech, Snapdeal's parent, two years back for $400 million in a combination of cash and stock.
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