Prosus Pay News Today

(Bloomberg) -- Prosus NV plans to sell part of its emerging-markets financial technology company PayU to Israel’s Rapyd for $610 million.Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationLots of US Homeowners Want to Move. They Just Have Nowhere to GoA 5% US Mortgage Rate Is Seen as Tipping Point to Unlock SupplyThe...

As it reduces costs and doubles down on efforts to turn profitable by the first half of 2025.

Prosus NV plans to sell part of its emerging-markets financial technology company PayU to Israels Rapyd for $610 million.

A couple of weeks back, in a move that surprised everyone, PayU called off its biggest acquisition to buy Indian payments gateway firm BillDesk for $4.7 billion.

Prosus shares have declined 27% in Amsterdam trading this year.