Friday, 24 March, 2023

Prosus to acquire BillDesk for $4.7B

<p>Dutch tech giant Prosus has announced that it will acquire Indian payment provider BillDesk, for $4.7B. The proposed all-cash deal has been in discussion since July, with Prosus planning to merge BillDesk with PayU, its own fintech firm. The deal will make PayU one of the biggest online payment providers in the country with $147 B in payment volume. The deal is still awaiting approval from India&#39;s regulator Competition Commission of India.</p>