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According to reports, Paytm was in talks to acquire UCWeb at a transaction value of $400 Mn-$500 Mn
UCWeb, however, issued a statement to Inc42 denying the merger talks as "untrue"
UCWeb, one of the most popular digital content distribution platforms in India, has a monthly active user base of 130 Mn
After reports emerged that Paytm was in early talks with Alibaba-owned UCWeb to…