Fintech major PayU terminates $4.7-Bn deal to acquire BillDesk
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The Netherlands-based Prosus NV, the parent of fintech major PayU, on Monday announced termination of its $4.7-Bn deal to acquire Indian payment gateway company BillDesk. In a statement, Prosus said the deal was terminated as some of the conditions were not fulfilled. The deal, the largest in the Indian digital payments space, was announced in August last year.