India's Reliance Jio Platforms to sell $1.2 billion stake to Mubadala

India's Reliance Jio Platforms to sell $  1.2 billion stake to MubadalaAbu Dhabi-based sovereign firm Mubadala has become the latest investor in Mukesh Ambani’s Reliance Jio Platforms, joining five American firms including Facebook and Silver Lake that have secured stakes in India’s biggest telecom operator at the height of a once-in-a-century global pandemic. Mubadala said it had agreed to invest $ 1.2 billion in Reliance Jio Platforms for a 1.85% stake in the firm. The deal valued the Indian telecom operator, which launched in the second half of 2016, at $ 65 billion.



Yahoo Tech

SPECIAL DISCOUNT UPDATE:

Best Buy Co, Inc.

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.



Yahoo Tech

SPECIAL DISCOUNT UPDATE:

Best Buy Co, Inc.

General Atlantic Invests $870 Million in India’s Reliance Jio

U.S. investment group General Atlantic is to spend $ 870 million buying a stake in expanding Indian media powerhouse Jio Platforms. The two companies announced their deal within a month of Facebook emerging as a strategic investor in the firm with a 9.9% stake that cost it $ 5.7 billion. That move was followed by stake purchases […]

Variety

SHOPPING DISCOUNT UPDATE:

Financier Vista Invests $1.7 Billion in India’s Reliance Jio

U.S. tech investor Vista Equity Partners is to spend $ 1.71 billion buying a stake in budding Indian media powerhouse Jio Platforms. The two companies announced their deal less than two weeks after Facebook paid $ 5.7 billion to buy a 9.9% stake in Jio, and days after another financial investor Silver Lake paid $ 750 million. Jio, […]

Variety

SHOPPING DISCOUNT UPDATE:

Silver Lake Invests $750 Million in India’s Reliance Jio

U.S. investment group Silver Lake is to spend $ 750 million buying a slice of Indian media powerhouse Jio Platforms. The two companies announced their deal less than two weeks after Facebook paid $ 5.7 billion to buy a 9.9% stake in Jio. The Silver Lake deal gives Jio Platforms a valuation of $ 65 billion, some 12.5% […]

Variety

SHOPPING DISCOUNT UPDATE:

Silver Lake Invests $750 Million in India’s Reliance Jio

U.S. investment group Silver Lake is to spend $ 750 million buying a slice of Indian media powerhouse Jio Platforms. The two companies announced their deal less than two weeks after Facebook paid $ 5.7 billion to buy a 9.9% stake in Jio. The Silver Lake deal gives Jio Platforms a valuation of $ 65 billion, some 12.5% […]

Variety

SHOPPING DISCOUNT UPDATE:

Silver Lake Invests $750 Million in India’s Reliance Jio

U.S. investment group Silver Lake is to spend $ 750 million buying a slice of Indian media powerhouse Jio Platforms. The two companies announced their deal less than two weeks after Facebook paid $ 5.7 billion to buy a 9.9% stake in Jio. The Silver Lake deal gives Jio Platforms a valuation of $ 65 billion, some 12.5% […]

Variety

SHOPPING DISCOUNT UPDATE:

Silver Lake Invests $750 Million in India’s Reliance Jio

U.S. investment group Silver Lake is to spend $ 750 million buying a slice of Indian media powerhouse Jio Platforms. The two companies announced their deal less than two weeks after Facebook paid $ 5.7 billion to buy a 9.9% stake in Jio. The Silver Lake deal gives Jio Platforms a valuation of $ 65 billion, some 12.5% […]

Variety

SHOPPING DISCOUNT UPDATE:

Reliance and Facebook pilot JioMart grocery shopping on WhatsApp

Reliance and Facebook pilot JioMart grocery shopping on WhatsAppJioMart, an e-commerce venture run by India’s most valued firm, is testing an “ordering system” on WhatsApp, teasing the first peek at the collaboration between Facebook and Indian telecom giant Reliance Jio Platforms. Users in Navi Mumbai, Thane and Kalyan, three sub-urban areas of Mumbai, can now use JioMart’s WhatsApp business account for grocery shopping. Once an order has been placed, which currently does not include a way to pay digitally, JioMart automatically assigns a neighborhood store to them and sends an invoice through WhatsApp.



Yahoo Tech

SPECIAL DISCOUNT UPDATE:

Best Buy Co, Inc.

Facebook Buys $5.7 Billion Stake in India’s Reliance Jio

U.S. social media giant Facebook has unveiled a huge investment in Reliance Jio, a company which has been a game changer in India’s telecoms, media and entertainment sectors. The deal gives Facebook a 9.99% stake in Reliance Jio at a cost of $ 5.7 billion. “Today we are announcing a $ 5.7 billion, or INR 43,574 crore, […]

Variety

SHOPPING DISCOUNT UPDATE: