PayPal to buy 25% stake for $200 mn in FreeCharge: Report
American payments platform PayPal is reportedly buying a 25% stake in Snapdeal-owned payments platform FreeCharge for around $200 million. Reports claim that PayPal’s initial offer was for a controlling 51% stake, but FreeCharge's largest shareholder SoftBank is not keen to divest a majority stake. Interestingly, Alibaba, in which SoftBank has a significant stake, has a controlling stake in Paytm.