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KKR to Buy Stake in BookMyShow

Global investment firm KKR will acquire a six percent stake in Indian ticketing platform BookMyShow for up to fifty million dollars. The deal values the company at up to eight hundred thirty-three million dollars amid rising demand for live events.

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FILE PHOTO: People wait in queue to purchase movie tickets at an INOX multiplex cinema hall inside a shopping mall in Kolkata, India, February 22, 2024. REUTERS/Sahiba Chawdhary/File Photo

KKR & CO INC will buy a 6% stake in BookMyShow for $40 million to $50 million, a person familiar with the matter said on Wednesday morning. The transaction values the ticketing platform at $667 million to $833 million. The investment comes as live entertainment demand surges across India.
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