To expand in Latin America
Fandango Media, an online movie ticketing platform owned by ComcastCorp, said on Thursday it would buy Peru-based Cinepapaya to expand in Latin America.
Besides selling tickets online, Cinepapaya, which started as a single-movie theater in 2013, gives theater owners e-commerce services for ticketing and payment.
Fandango did not disclose the terms of the deal, which will extend its ticketing business to Mexico, Argentina, Colombia, Peru, Chile, Ecuador, and Bolivia.
The deal follows Fandango’s acquisition of Brazilian online movie ticketer Ingresso.com in November 2015.
Fandango has made a series of acquisitions in the recent years, including Flixster and Rotten Tomatoes from Time Warner Inc’s Warner Bros.