KKR to invest $1.5 billion in India's Reliance Jio Platforms

KKR to invest $  1.5 billion in India's Reliance Jio PlatformsMukesh Ambani’s Reliance Jio Platforms has agreed to sell 2.32% stake to U.S. equity firm KKR in what is the fifth major deal the top Indian telecom operator has secured in just as many weeks. On Friday, KKR announced it will invest $ 1.5 billion in the top Indian telecom operator, a subsidiary of India’s most valued firm (Reliance Industries), joining fellow American investors Facebook, Silver Lake, Vista Equity Partners, and General Atlantic that have made similar bets on Jio Platforms.



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Silver Lake to invest $747M in India's Jio Platforms

Silver Lake to invest $  747M in India's Jio PlatformsWeeks after Facebook invested $ 5.7 billion in Jio Platforms, India’s top telecom operator, private equity firm Silver Lake is following suit — and is willing to pay a premium for it. Silver Lake announced on Monday it will be investing 56.56 billion Indian rupees (about $ 746.8 million) in Jio Platforms for about 1.15% stake in the Indian telecom network, giving it a valuation of $ 65 billion, a 12.5% premium* to the valuation implied by the Facebook investment.



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Silver Lake to invest $747M in India's Jio Platforms

Silver Lake to invest $  747M in India's Jio PlatformsWeeks after Facebook invested $ 5.7 billion in Jio Platforms, India’s top telecom operator, private equity firm Silver Lake is following suit — and is willing to pay a premium for it. Silver Lake announced on Monday it will be investing 56.56 billion Indian rupees (about $ 746.8 million) in Jio Platforms for about 1.15% stake in the Indian telecom network, giving it a valuation of $ 65 billion, a 12.5% premium* to the valuation implied by the Facebook investment.



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Silver Lake to invest $747M in India's Jio Platforms

Silver Lake to invest $  747M in India's Jio PlatformsWeeks after Facebook invested $ 5.7 billion in Jio Platforms, India’s top telecom operator, private equity firm Silver Lake is following suit — and is willing to pay a premium for it. Silver Lake announced on Monday it will be investing 56.56 billion Indian rupees (about $ 746.8 million) in Jio Platforms for about 1.15% stake in the Indian telecom network, giving it a valuation of $ 65 billion, a 12.5% premium* to the valuation implied by the Facebook investment.



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Silver Lake to invest $747M in India's Jio Platforms

Silver Lake to invest $  747M in India's Jio PlatformsWeeks after Facebook invested $ 5.7 billion in Jio Platforms, India’s top telecom operator, private equity firm Silver Lake is following suit — and is willing to pay a premium for it. Silver Lake announced on Monday it will be investing 56.56 billion Indian rupees (about $ 746.8 million) in Jio Platforms for about 1.15% stake in the Indian telecom network, giving it a valuation of $ 65 billion, a 12.5% premium* to the valuation implied by the Facebook investment.



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Alibaba Cloud will invest $28 billion more into its infrastructure over the next three years

Alibaba Cloud will invest $  28 billion more into its infrastructure over the next three yearsAlibaba Cloud announced today that it will invest another RMB 200 billion (or about $ 28 billion) into its infrastructure over the next three years, prompted in part by increased demand for services like video conferencing and live streaming as businesses adapt to the COVID-19 pandemic. The investment will focus on expanding Alibaba Cloud’s technology, including its operating system, servers and chips, in its data centers. In press statement, Jeff Zhang, president of Alibaba Cloud Intelligence and chief technology officer of Alibaba Group, said, “By increasing our investment on cloud infrastructure and fundamental technologies, we hope to continue providing world-class, trusted computing resources to help businesses speed up the recovery process, and offer cloud-based intelligent solutions to support their digital transformation in the post-pandemic world.”



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