CCI gives green light to $4.7B BillDesk and PayU merger

  • The Competition Commission of India has approved the $4.7 billion acquisition of online payment gateway BillDesk by Prosus-backed PayU India.
  • The deal is pegged as the second-largest buyout in the Indian internet sector after Walmart’s $16 billion acquisition of e-commerce company Flipkart in 2018.

[Via]