Add-on Acquisition • Internet Software and Services

Damai Entertainment Acquires TicketNew

On June 5, 2017, Damai Entertainment acquired internet software and services company TicketNew

Acquisition Context
  • This is Damai Entertainment’s 1st transaction in the Internet Software and Services sector.
  • This is Damai Entertainment’s 1st transaction in India.
Investment Fate
  • TicketNew was divested to a consortium of strategic buyers in 2018.

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M&A Deal Summary

Date June 5, 2017
Target TicketNew
Sector Internet Software and Services
Buyer(s) Damai Entertainment
Deal Type Add-on Acquisition

Target Company

TicketNew

Chennai, India
Orbgen Technologies Pvt. Ltd. is an online ticket booking platform for movies, theatres, events, stores, sports, parties, and other entertainment activities. Orbgen Technologies Pvt. Ltd. was established in 2007 and is based in Chennai, India.
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Buyer Overview 1

Buyer

Damai Entertainment

Beijing, China

Category Company
Founded 1994
Sector Media
Employees1,733
Revenue 6.7B CNY (2025)
DESCRIPTION

Damai Entertainment is the flagship unit of Alibaba Group’s entertainment arm and its core businesses includes four segments: film and television production centered on IP (intellectual property); internet-based promotion and distribution combining internet technologies and traditional off-line distribution; the building and operation of e-commerce platforms for entertainment as an extension of the Alibaba Group ecosystem and international operations that consolidate global resources, technologies and talents in order to participate in the global entertainment industry. Damai Entertainment was founded in 1994 and is based in Beijing, China.


Deal Context for Buyer #
Overall 1 of 1
Sector: Internet Software and Services 1 of 1
Type: Add-on Acquisition 1 of 1
Country: India 1 of 1
Year: 2017 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-23 TicketNew

Chennai, India

Orbgen Technologies Pvt. Ltd. is an online ticket booking platform for movies, theatres, events, stores, sports, parties, and other entertainment activities. Orbgen Technologies Pvt. Ltd. was established in 2007 and is based in Chennai, India.

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