payu-billdesk deal

Prosus, the Dutch-listed arm of South African technology investor Naspers, said on Wednesday that Swiggy and PayU, its food-delivery and payments companies in India, have recorded strong growth this year. It also said it stopped equity…

PayU Payments, the Indian subsidiary of Dutch technology investment firm Prosus, has reported an over 50% jump in consolidated revenue, to Rs 2,130.2 crore for the financial year 2021-2022 (FY22). It clocked a net profit of Rs 125.8 crore…

Barely a month after Elon Musk agreed to buy Twitter for $54.20 a share in April, the world’s richest man backed out of the deal, saying the company wasn’t being upfront about the number of spam bots on its platform. He spent the next few…

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,…

Prosus-owned PayU on Monday said it is terminating its $4.7 billion deal to acquire rival payments gateway firm BillDesk. According to the note put out by Eoin Ryan, head of investor relations, Prosus, ‘certain conditions precedent were not…

As we step into the last few months of 2022, investors remain skittish, more so when evaluating richly valued but loss-making companies. The Good Glamm group which was flying high last year aided by back-to-back funding rounds and multiple…

The Competition Commission of India (CCI) has cleared PayU’s $4.7 billion acquisition of online payments firm BillDesk, the antitrust regulator said in a tweet on Monday evening. This comes after a year-long wait for the Prosus-owned PayU…

A four year long courtship between Laurent le Moal, PayU CEO, his CFO Aakash Moondhra and Fahd Beg, Prosus’ chief investment officer and M.N.Srinivasu, cofounder of Bill Desk transcending borders – London. Amsterdam, Dubai and Mumbai –…