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PayU terminates $4.7 billion deal to acquire BillDesk
short by Hiral Goyal / on Monday, 3 October, 2022
Prosus on Monday announced that it is terminating the agreement signed by its subsidiary PayU to acquire Indian online payments gateway BillDesk for $4.7 billion. The decision to terminate the deal comes nearly a month after the CCI approved the deal. Prosus said certain conditions precedent were not fulfilled by the long stop date and the agreement has terminated automatically.
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