Alibaba Pictures Group Limited (SEHK:1060) is in talks to acquire a majority stake in Orbgen Technologies Private Limited, which operates ticket-booking platform TicketNew, according to two people familiar with the matter. "The discussions are at an advanced stage and a deal will close soon," one of two people said. The value of the transaction is likely to be around $35 million for a 70-75% equity stake, said the second person. An Alibaba Group spokesperson said: "We are committed to the development of our business in the Indian market for the long term. But we do not comment on market rumours."