PayU’s $4.7-billion Billdesk acquisition cleared by CCI after a year

The Competition Commission of India (CCI) has cleared PayU’s $4.7 billion acquisition of online payments firm BillDesk, the antitrust regulator said in a tweet on Monday evening. This comes after a year-long wait for the Prosus-owned PayU which has had to answer several questions from the regulator since the deal was officially announced in August 2021.