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BillDesk to sue PayU-parent Prosus for terminating $4.7-bn deal: Report
short by Ashley Paul / on Tuesday, 4 October, 2022
Indian online payments gateway BillDesk is preparing to sue PayU-parent Prosus after it terminated a $4.7-billion acquisition deal, Moneycontrol reported. The deal, which was set to be Indian fintech sector's largest acquisition, was terminated on Monday, nearly a month after CCI approved it. PayU's executives in India were reportedly informed of the termination hours before the announcement.
read more at Moneycontrol