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4.7B

Transaction declined: why Prosus dropped $4.7B BillDesk buy; deal had $50-100M breakup fee

Daisy Oct 4, 2022

In 2018, US retail giant Walmart picked up a 77% stake in Flipkart for $16 billion. Now, another big-ticket deal – which would have been the second-largest acquisition in the Indian tech space after Flipkart's – has fallen though. Prosus,…

Technology

Prosus drops $4.7B BillDesk deal; revisit the biggest failed ‘tech-overs’ ever

Daisy Oct 3, 2022

Prosus, the global investment arm of South African multinational Naspers, has cancelled a $4.7 billion deal to buy Indian payments firm BillDesk amid a crash in the valuations of major tech startups. The deal, which was set to be Prosus’s…

Technology

CCI nod to PayU-BillDesk $4.7B deal after a year; ONDC not a giant killer after all

Daisy Sep 5, 2022

After a year-long wait, the Competition Commission of India has given a green signal to PayU for its mega $4.7-billion acquisition of payment gateway firm BillDesk. In other news, the Indian government is expected to write to the Wikimedia…