SoftBank in talks with potential suitors to sell FreeCharge?

SoftBank is reportedly trying to sell FreeCharge separately for as low as $150-200 million.

New Delhi: Japan`s SoftBank is in talks with potential suitors to sell digital payments platform FreeCharge owned by Snapdeal, as per a newspaper report.

SoftBank is trying to sell FreeCharge “separately for as low as $150-200 million,” a Times of India report said.

“Alibaba-owned Paytm is one of the front-runners to clinch Freecharge if terms between the two parties are agreed upon,” the TOI report added.

The Softbank-backed Snapdeal had acquired FreeCharge in April 2015.

Last month Snapdeal appointed the CEO of FreeCharge and said it will infuse an additional USD 20 million into the e-wallet firm.