James Murdoch and Uday Shankar, formerly CEO of Star India and president of Walt Disney Asia Pacific, have formed Bodhi Tree, a new outfit backed by the Qatar Investment Authority.The venture will invest in media and consumer technology opportunities in Southeast Asia, with a particular focus on India.
The QIA has committed up to $1.5 billion.Murdoch has been running investment firm Lupa Systems since exiting 21st Century Fox as CEO after Disney acquired most of its assets in 2019.In an announcement, Bodhi Tree said it will “leverage technology to provide disruptive solutions that drive transformational outcomes in sectors with deep consumer engagement.” Areas might include media, education and healthcare, with the aim to “positively impact” millions of consumers across the region.Qatar’s backing will enable investments at significant scale, though specific figures have not been cited as yet.
The Persian Gulf nation’s sovereign wealth fund has recently pledged to invest tens of billions of dollars in the U.S. alone, on various projects including ports.
Qatar is among the world’s wealthiest countries, based on GDP or per-capita income.Murdoch and Shankar will be co-chairs of Bodhi Tree.“We are very pleased to announce Bodhi Tree,” they said in a joint statement. “Opportunities abound to scale exciting businesses in India and the broader Southeast Asia region.
Read more on deadline.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.