Prosus just saved $100 million in BillDesk deal breakup fee

Prosus’ deal to acquire online payments company BillDesk for $4.7 billion included a breakup fee of around $50-$100 million, people in the know of the matter told ET.

This clause is, however, unlikely to kick in for Prosus (formerly Naspers) as it terminated the deal citing a condition precedent (CP) which had not been met by September 30, the long stop date, they said.