Silver Lake Frater Asia India Silver Lake Frater Asia India

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

Reading now: 946
variety.com

By Patrick Frater Asia Bureau Chief 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 announced by two financial investors, Silver Lake which paid $750 million and Vista which paid $1.71 billion for a 2.3% stake.

Read more on variety.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA