Prosus drops $4.7B BillDesk deal; revisit the biggest failed ‘tech-overs’ ever
Prosus, the global investment arm of South African multinational Naspers, has cancelled a $4.7 billion deal to buy Indian payments firm BillDesk amid a crash in the valuations of major tech startups. The deal, which was set to be Prosus’s biggest acquisition and the second-largest M&A ever in India, was automatically terminated after certain conditions weren’t met by September 30, the company said.