Prosus scraps $4.7 billion PayU-BillDesk deal after CCI nod
The surprise announcement of the termination comes after the deal was approved recently by the antitrust regulator after a year since it was first announced. On August 31, 2021, Prosus had announced that it would acquire BillDesk for $4.7 billion in an all-cash deal to expand its footprint in the country’s booming fintech sector under the umbrella of its payment gateway PayU.