{"id":1669207,"date":"2022-10-03T03:50:20","date_gmt":"2022-10-03T07:50:20","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1669207"},"modified":"2022-10-03T03:50:59","modified_gmt":"2022-10-03T07:50:59","slug":"prosus-terminates-4-7-billion-deal-to-buy-billdesk","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/prosus-terminates-4-7-billion-deal-to-buy-billdesk\/","title":{"rendered":"Prosus terminates $4.7 billion deal to buy BillDesk"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fprosus-terminates-4-7-billion-deal-to-buy-billdesk%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1669207&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>AMSTERDAM (Reuters) -Dutch-based technology investor Prosus NV said on Monday its $4.7 billion deal to buy Indian payments platform BillDesk has been terminated, adding that conditions had not been met.<\/p>\n<p>In a short statement, Prosus said \u201ccertain conditions were not fulfilled\u201d by a Sept. 30 deadline and \u201cthe agreement has terminated automatically in accordance with its terms.\u201d<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>BillDesk could not immediately be reached for comment.<\/p>\n<p>A spokesperson for Prosus said there was no break fee associated with the deal but declined to comment on reasons for the deal\u2019s cancellation beyond the statement. <\/p>\n<p>Fintech valuations have fallen sharply since Prosus announced plans to buy BillDesk in August 2021 to complement its PayU business and strengthen its presence in India, one of Prosus\u2019s largest markets. [L1N2Q20CB]\n<p>BillDesk processed $92 billion of payments in the year ending March 31, 2021 and had a net profit of 2.71 billion Indian rupees ($37.05 million) for that period, according to figures released at the time of the acquisition.<\/p>\n<p> (Reporting by Toby SterlingEditing by David Goodman and Louise Heavens)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/prosus-terminates-4-7-billion\/attachment\/illustration-shows-smartphone-with-prosus-logo-displayed\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9209R-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9209R-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AMSTERDAM (Reuters) -Dutch-based technology investor Prosus NV said on Monday its $4.7 billion deal to buy Indian payments platform BillDesk has been terminated, adding that conditions had not been met.<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1669207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1669207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1669207"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1669207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1669207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1669207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1669207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}