Published 2 years ago

Prosus terminates $4.7 bln deal to buy BillDesk

Summary by Ground News

Naspers-owned technology firm Prosus has terminated its agreement to acquire Indian digital payments provider BillDesk. The all-cash deal would have enabled Prosus to expand its footprint in India's booming fintech sector. The Economic Times of India pegged the deal as the second-largest M&A in India after the Walmart-Flipkart deal.

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Times of India

Prosus terminates $4.7 billion deal to buy BillDesk

In a short statement, Prosus said "certain conditions were not fulfilled" by a Sept. 30 deadline and "the agreement has terminated automatically in accordance with its terms."

2 years ago·India

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News18 India

Prosus Cancels $4.7-Billion Deal To Acquire BillDesk; 'Certain Conditions Precedent Not Fulfilled'

Closing of the Prosus-BillDesk transaction was subject to fulfilment of various conditions precedent, including approval of the Competition Commission of India

2 years ago·India

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Reuters

Prosus terminates $4.7 bln deal to buy BillDesk

Dutch-based technology investor Prosus NV said on Monday its $4.7 billion deal to buy Indian payments platform BillDesk has been terminated, adding that conditions had not been met.

2 years ago·United Kingdom

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News24

Prosus' R85 billion deal to buy India's BillDesk falls through

PayU, the subsidiary of Prosus, has called off the $4.7 billion deal to buy India's BillDesk after the transaction failed to meet certain conditions by the end of September

2 years ago·South Africa

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WION

Prosus scraps $4.7 billion BillDesk deal, one of India's biggest

Investor Prosus NV said on Monday a $4.7 billion deal to buy BillDesk, which would have been one of the largest in India's financial technology sector, was "terminated", saying conditions of the deal had not been met. Indian antitrust regulator had approved the acquisition on Sept. 5, more than a year after it was announced, despite concerns BillDesk's combination with Prosus-owned PayU would lead to concentration on India's payments market.

2 years ago·Noida, India

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OAN

Prosus scraps $4.7 billion BillDesk deal, one of India’s biggest – One America News Network

By Toby Sterling and Aditya KalraAMSTERDAM (Reuters) – Investor Prosus NV said on Monday a $4.7 billion deal to buy BillDesk, which would have been one of the largest in India’s financial technology sector, was “terminated”, saying conditions of the deal had not been met.Indian antitrust regulator had approved the acquisition on Sept. 5, more than a year after it was announced, despite concerns BillDesk’s combination with Prosus-owned PayU w…

2 years ago·San Diego, United States

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