Prosus Ventures cancelled its $4.7 billion acquisition of BillDesk, the European technology giant’s largest acquisition, citing “certain precedent conditions” that were not met, in a surprising move a month after the proposed acquisition was approved by the local antitrust watchdog.
The all-cash deal, announced at the peak of the bull cycle last year, was to be the second largest M&A transaction in the South Asian market’s consumer internet space. Many promised deals have fallen through globally in recent quarters as the market has turned. Prosus, which has invested over $5.5 billion in India, has also lost a significant amount of value in the last year. In recent months, it has sold stakes in other companies (Tencent and JD.com).
Would-be entrepreneurs have an extra helping hand from Luxembourg’s Chamber of Commerce, which has published a new practical guide. ‘Developing your business: actions to take and mistakes to avoid’, was written to respond to the needs and answer the common questions of entrepreneurs. “Testimonials, practical tools, expert insights and presentations from key players in our ecosystem have been brought together to create a comprehensive toolkit that you can consult at any stage of your journey,” the introduction… Source link
B&H Photo is one of our favorite places to shop for camera gear. If you’re ever in New York, head to the store to check out the giant overhead conveyor belt system that brings your purchase from the upper floors to the registers downstairs (yes, seriously, here’s a video). Fortunately B&H Photo’s website is here for the rest of us with some good deals on photo gear we love. Save on the Latest Gear at B&H Photo B&H Photo has plenty of great deals, including Nikon’s brand-new Z6III full-frame… Source link
Long before Edgar Wright’s The Running Man hits theaters this week, the director of Shaun of the Dead and Hot Fuzz had been thinking about making it. He read the original 1982 novel by Stephen King (under his pseudonym Richard Bachman) as a boy and excitedly went to theaters in 1987 to see the film version, starring Arnold Schwarzenegger. Wright enjoyed the adaptation but was a little let down by just how different it was from the novel. Years later, after he’d become a successful… Source link
