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BILLDESK DEAL
Prosus may have saved $50-$100 million in BillDesk deal breakup feeA breakup fee is a predetermined penalty that a buyer typically pays if it walks away from a transaction. A long stop date is the date by w...04 Oct, 2022, 08.13 PM IST- Transaction declined: why Prosus scrapped the $4.7 billion PayU-BillDesk dealIn a note published on the Prosus’ website, Eoin Ryan, head of investor relations, said: “Certain conditions precedent were not fulfilled b...04 Oct, 2022, 11.45 AM IST
- PayU calls off $4.7 bn acquisition of BillDeskProsus, the global investment arm of South African multinational Nasper, had on August 31 last year announced acquisition of BillDesk in an...04 Oct, 2022, 12.47 AM IST
- Prosus drops $4.7B BillDesk deal; revisit the biggest failed ‘tech-overs’ everProsus, the global investment arm of South African multinational Naspers, has cancelled a $4.7 billion deal to buy Indian payments firm Bil...03 Oct, 2022, 07.16 PM IST
- CCI clears PayU’s $4.7 billion BillDesk acquisition after a yearThe deal-- pegged as the second-largest buyout in the Indian internet sector after Walmart’s $ 16 billion acquisition of ecommerce major Fl...06 Sep, 2022, 01.50 PM IST
- PayU India submits revised merger notification to CCI on BillDesk dealAccording to the revised notification, the Prosus-backed multinational said that “the proposed transaction will not cause any appreciable a...26 Apr, 2022, 06.00 AM IST
- CCI seeks more info to clear mega PayU-BillDesk deal“CCI has not questioned the merits of the proposed transaction, but requested for additional information, as of now,” said a one person dir...22 Feb, 2022, 12.07 PM IST
- Indian trio reap $500 million each selling payments startupIn an age where every funding round is touted in press statements and staff parties, Prosus-owned PayU found itself having to take complete...02 Sep, 2021, 03.48 PM IST
- Prosus-backed PayU to acquire Indian payments gateway firm BillDesk for $4.7 billionThis will be one of the largest acquisitions in India’s digital payments space and by far the biggest move to consolidate the fast-growing ...01 Sep, 2021, 11.40 AM IST
- Exclusive: Prosus deal adds to our heft, gives us necessary growth capital, says BillDesk cofounderBillDesk, founded in the year 2000 by MN Srinivasu, Ajay Kaushal and Karthik Ganapathy, has been acquired by global technology investor Pro...01 Sep, 2021, 10.23 AM IST
- BillDesk cofounder on Prosus deal; pre-IPO boost for PaytmBillDesk, the Indian fintech firm that predates the word 'fintech', will soon be acquired by global tech investor Prosus in a $4.7 billion ...01 Sep, 2021, 09.00 AM IST
- Wall St boutique PJT Partners joins Indian M&A sweepstakes with PayU-BillDesk dealThe six-year-old firm had roped in former Citi India CEO Pramit Jhaveri as senior advisor to help grow base.31 Aug, 2021, 10.09 PM IST
- Billdesk’s revenue for FY18 rises 40% to Rs 929 cr, profit up 15%Payments company Billdesk, which recently crossed the $1-billion valuation mark, posted a 40% increase in revenue from operations and 15% g...28 Nov, 2018, 10.02 AM IST
- Visa may invest in BillDesk, valuing co at $1.5-2 billionFor Visa, an investment in BillDesk would help the American firm cement its position in the payments ecosystem in India.25 Jun, 2018, 09.21 AM IST
- General Atlantic picks up 20% stake in BilldeskGlobal private equity investor General Atlantic has picked up 20% stake in online payment gateway solutions provider Billdesk for $120 mill...15 Mar, 2016, 05.35 PM IST
- BillDesk to raise $200 million at $1 billion valueillDesk plans to explore inorganic growth as consolidation is likely to play out in the emerging online payment gateway sector.30 Oct, 2015, 04.57 PM IST
- Private equity fund TA Associates to grow holding in BillDesk with Rs 450 crore infusionIn 2012, TA Associates purchased a minority stake from State Bank of India and Clearstone Venture Partners for an undisclosed sum.30 Mar, 2015, 10.50 AM IST
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