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
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.