PayU terminates $4.7b acquisition of India's BillDesk
The USD 4.7bn acquisition of Indian payments app BillDesk by industry peer PayU – which was poised to facilitate exits for the likes of TA Associates, General Atlantic, and Temasek Holdings – has collapsed.
Prosus, an investment arm of South African technology conglomerate Naspers and the owner of PayU, said in a statement that certain conditions were not met by the September 30 deadline, prompting automatic...
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