$4.7 billion

Prosus’ deal to acquire online payments company BillDesk for $4.7 billion included a breakup fee of around $50-$100 million, people in the know of the matter told ET. This clause is, however, unlikely to kick in for Prosus (formerly…

Venture capital (VC) firms are mostly gripped by the Fear of Missing Out (FOMO) and that sentiment peaks during boom periods like in 2021, but it takes only a few months for risk investors to change tack. Six months into the new year,…