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Flipkart to pick up a stake in BookMyShow: Report

Flipkart is in talks to acquire a stake in ticketing platform BookMyShow, reports Livemint. It is unclear whether the e-commerce major is looking to pick up a minority stake or more. According to the publication, Flipkart wants to invest fresh capital into BookMyShow as well as buy shares from some of its investors. It adds that BookMyShow may be valued at $500-700 million if this deal happens. MediaNama has reached out to both BookMyShow and Flipkart for more information about the deal, while BookMyShow declined comment on this, we are waiting for Flipkart’s comment. We will update the post as soon as we hear more on this. Flipkart's vertical expansion  If this deal goes through, Flipkart will enter into mobile ticketing segment. The company is reportedly also looking at adding various services like cab booking, food ordering, vacation etc on its…

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