Prosus terminates $4.7 billion BillDesk acquisition • TechCrunch
Prosus Ventures and its subsidiary payments giant PayU have called off the $4.7 billion merger of BillDesk they announced last year, saying “certain conditions precedent” were not fulfilled by the deadline in a surprising development a month after the proposed acquisition received approval from the local antitrust watchdog. “Certain conditions precedent were not fulfilled by…