The deal got approval from the CCI early last month after a very long wait But Prosus says that "certain conditions precedent were not fulfilled by the 30 September 2022 long stop date" Wondering what these could be - related to business performance?

Or is this just buyer's remorse playing out now? PayU/Prosus agreed to acquire Billdesk during the peak of the funding boom Since then valuation of a bunch of global peers have taken a hit

Don't remember the deal announcement making any reference to a termination fee After getting the CCI approval, which PayU/Prosus really pushed for, calling off this transaction is SHOCKING @PratikBhakta_89 documented why it is taking so long

Prosus share price is generally taking the news well. Down by less than 1%

@madhavchanchani 👀

@madhavchanchani Reason?

@madhavchanchani Announced 14 months back and CCI clearance a month ago- is it too late for Prosus/PayU to back out ?

@madhavchanchani This winter has been quite chilling..

@madhavchanchani Clearly it’s the bots.

@madhavchanchani I knew this would happen

@madhavchanchani I sense arbitration proceedings and court battles are coming soon.

@madhavchanchani Yikes 😱

@madhavchanchani @SanchoSandeep The deal value was a real bummer! Billdesk doesn't really have it's own meaningful consumer base and it's tech engine doesn't have the same need after creation of the BBPS platform

@madhavchanchani Interesting to know the penalty for withdrawing from executing the deal..

@madhavchanchani Well, that's a good start