EDITORIAL: Failed deal a blessing in disguise for Prosus
Cancellation of BillDesk transaction puts more cash in Van Dijk’s hands to continue share buyback scheme
04 October 2022 - 05:00
On the face of it, the decision by Prosus to cancel a R84bn deal to buy Indian payment firm BillDesk looks like a setback for the company seeking to wean itself off the Tencent addiction. Except it is turning into a blessing in disguise.
Prosus, Naspers’s global internet arm with primary listing in Amsterdam, issued a brief statement on Monday advising shareholders the transaction has been terminated because certain conditions were not met by the end of September — the deadline for the deal concluded under the terms agreed by both parties. ..
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