Prosus Ventures terminates its deal to acquire Indian payments company BillDesk for $4.7B in cash, saying “certain conditions precedent” were unfulfilled (Manish Singh/TechCrunch)

Moneycontrol:
Prosus valued its 9.67% stake in Byju’s at $578M at the end of Q3 2022, implying Byju’s total value to be $5.9B; Byju’s was valued at $22B in October 2022  —  Although Prosus’ accounting entry implies that it values Byju’s at $5.9 billion, experts say that different shareholders may value a private company differently in their books.

Toby Sterling / Reuters:
Dutch e-commerce company Prosus to sell its Russian classifieds business Avito to Kismet Capital for ~$2.46B; Avito was valued at ~$6B before Russia’s invasion  —  Prosus (PRX.AS), the Dutch-based technology investor, said on Friday it has agreed to sell its Russian online marketplace Avito …

Brian Heater / TechCrunch:
Bright Machines, which automates manufacturing tasks with AI and robotics, raised a $100M Series B and $32M in debt after pulling its SPAC deal in December 2021  —  In May of last year, Bright Machines announced plans to embrace the SPAC craze with a merger deal that valued the Bay Area-based manufacturing firm at $1.6 billion.

Denny Jacob / Wall Street Journal:
UBS and robo-adviser Wealthfront agree to terminate their $1.4B merger deal; UBS says it will buy a $69.7M convertible note in Wealthfront at the same valuation  —  Deal announced in January was for all-cash transaction valued at $1.4 billion  —  UBS UBS .71%▲ Group AG …

Niket Nishant / Reuters:
Malaysian payments technology company Super Apps Holdings plans to go public in the US via a SPAC merger at a ~$1.1B valuation, listed on the Nasdaq under TETE  —  Super Apps Holdings will go public in the United States through a merger with a special purpose acquisition company in a deal …

Alex Harring / CNBC:
LGBTQ dating app Grindr closed up 213.84% at $36.50 per share in its NYSE debut under the new ticker GRND following its SPAC merger  —  – Grindr surged in trading Friday in its first day under a new ticker following its merger with blank-check company Tiga.