Prosus and PayU name off $4.7 billion BillDesk acquisition deal • TechCrunch

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Prosus Ventures and PayU, the funds big it controls, referred to as off the $4.7 billion merger of BillDesk they introduced final 12 months citing failure of fulfilment of “sure situations precedent” in a shocking transfer weeks after they obtained approval from the native regulator to go forward with the deal.

“Sure situations precedent weren’t fulfilled by the 30 September 2022 lengthy cease date, and the settlement has terminated mechanically in accordance with its phrases and, accordingly, the proposed transaction is not going to be applied,” Prosus stated in a press release.

(Extra to comply with…)

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