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The PhonePe-Affle Fight Over OS Labs bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.
Affle claims victory in Indus OS stake sale lawsuit; PhonePe, OSLabs refute newindianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newindianexpress.com Daily Mail and Mail on Sunday newspapers.
Singapore court snubs PhonePe telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.
ETtech Exclusive: PhonePe s Indus OS deal in a legal tangle SECTIONS Share iStock A seemingly straightforward acquisition by PhonePe, of homegrown content discovery platform Indus OS for about $60 million, has spiralled into a legal tangle as India’s second-largest fintech battles two existing investors in the five-year-old startup Affle Global and early-stage investment firm Ventureast in a Singapore court. Both factions have filed competing lawsuits against the other in the Supreme Court of Singapore. ET has seen court filings, regulatory disclosures and spoken to three sources briefed on the matter. Walmart-backed PhonePe was in the final stages of closing its acquisition of Indus OS before mid-June with the term-sheet signed and ready, according to the people cited above. ....
PhonePe s acquisition of Indus OS in legal hurdle with investors Affle, Ventureast PhonePe said that they believe that Affle and Ventureast have colluded to act in bad faith and violate the legal provisions of the term sheet, which they were both signatories to. It said that they have filed a lawsuit to protect its legal interests BusinessToday.In | May 24, 2021 | Updated 11:05 IST PhonePe locks horns with Affle and Ventureast PhonePe s $60 million acquisition of content discovery platform Indus OS has run into legal trouble. The fintech company is battling two of Indus OS existing investors, Affle Global and Ventureast, in a Singapore court. Both sides have filed competing lawsuits against each other at the Supreme Court of Singapore. This legal tussle comes ahead of PhonePe s completion of the acquisition before mid-June, for which the term sheet was signed and ready. ....