PayU-BillDesk mega $4.7 Bn acquisition deal falls through
Image Credit: entracker
The much-hyped acquisition deal between Prosus-owned PayU and BillDesk has been revoked. In August 2021, PayU announced acquiring the Indian online payment gateway firm for $4.7 billion in what was then dubbed one of the biggest deals in India’s fintech space. India’s antitrust watchdog Competition Commission of India (CCI) also granted its approval to the deal last month.