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PayU calls off $4.7 bn deal to buy BillDesk
2 years, 2 months ago

PayU calls off $4.7 bn deal to buy BillDesk

Deccan Chronicle  

Chennai: One of the largest deals in the fintech space, the acquisition of BillDesk by Netherland-based Prosus, the parent of PayU, has been called off. In August 2021, PayU had announced the acquisition of the Indian online payment gateway firm BillDesk for $4.7 billion. If the deal was closed, the duo would have become one of the largest online payment …

Cent Online Payment Prosus Payu Deal Billdesk
Prosus Cancels $4.7-Billion Deal To Acquire BillDesk; 'Certain Conditions Precedent Not Fulfilled'
2 years, 2 months ago

Prosus Cancels $4.7-Billion Deal To Acquire BillDesk; 'Certain Conditions Precedent Not Fulfilled'

News 18  

Prosus NV, which owns PayU and is the global investment arm of South African multinational Nasper, on Monday said it has terminated a $4.7-billion deal to acquire Indian payments firm BillDesk. Prosus had in August 2021 announced the acquisition of BillDesk in an all-cash deal to expand its footprint in India’s fintech sector under the umbrella of its payment gateway …

India Indian Payment Certain Conditions Cci Prosus Payu
Rs 3,500 Crore: What 3 Indian Startup Founders Each Get after Selling Company
3 years, 3 months ago

Rs 3,500 Crore: What 3 Indian Startup Founders Each Get after Selling Company

News 18  

The founder trio of the payment gateway, BillDesk, has just hit a gold mine as the fintech firm is being bought by Prosus, South African tech-giant Naspers’ investment firm. The two-decade-old company has the most significant number of business clients among payment gateways in India and looks after roughly 60 per cent of all billing transactions in the country. In …

India Digital Payments Indian Payment Company Payu Billdesk
PayU to acquire BillDesk in $4.7 billion deal
3 years, 3 months ago

PayU to acquire BillDesk in $4.7 billion deal

Hindustan Times  

Prosus NV, the Dutch unit of Naspers Ltd, has acquired Indian payment services provider BillDesk for $4.7 billion in cash in its largest acquisition. REUTERS/Siphiwe Sibeko/File Photo The Amsterdam-based company’s PayU unit agreed to buy BillDesk to create a company that will handle a total transaction volume of $147 billion in India. The acquisition will also give PayU access to …

India Payments Acquisition Billion Prosus Payu Billdesk