By Naman Ramachandran
04.05.2020 - 10:53 / deadline.com
By Andreas Wiseman
International Editor
Silicon Valley private equity investor Silver Lake Partners has taken a $750M stake in Indian telco Reliance Jio Investment.
The investment values Reliance Jio at $65BN and comes two weeks after Facebook snagged a $5.7BN share – good for 10 percent – of Mukesh Ambani’s digital services company.
Ambani, India’s richest man, set up the Reliance Industries-backed broadband and streaming venture in 2016 since when it has attracted 388M subscribers.
Tech-focu
By Naman Ramachandran
By Patrick Frater
Katy Perry has entered her third trimester and she's having absurd cravings like any other aspiring mother. The 35-year-old singer has often opened up on experiencing pregnancy blues amidst the Coronavirus lockdown.
By Patrick Frater
As in many other countries around the world, India's cinema industry faces an uncertain and precarious future as a result of lockdowns caused by the novel coronavirus pandemic. India's estimated 9,500 screens have been shut for over two months now and with the lockdown still in effect, there is no clear picture as to when cinemas will reopen.
By Tim Dams
By Patrick Frater
Chris Hemsworth might be Thor on-screen, but off-screen he couldn't be any less cooler to his three children. Speaking with GQ Australia, the Avengers: Endgame star opened up about being dad to 7-year-old daughter India and 4-year-old twin sons Tristan and Sasha, telling the magazine that his and wife Elsa Pataky's kids just see him as dad.
Private-equity firm Silver Lake has struck a deal to invest $750 million in Indian telecom and technology giant Jio Platforms, less than two weeks after Facebook said it would pay $5.7 billion for a holding of about 10 percent in the company. Silver Lake’s investment values Jio at $65 billion, about 12.5 percent more than the valuation implied by Facebook's recent deal.
Private-equity firm Silver Lake has struck a deal to invest $750 million in Indian telecom and technology giant Jio Platforms, less than two weeks after Facebook said it would pay $5.7 billion for a holding of about 10 percent in the company.Silver Lake's investment values Jio at $65 billion, about 12.5 percent more than the valuation implied by Facebook's recent deal.The pair of investments caps off a stunning ascent for the Indian telecom and digital services insurgent.
By Patrick Frater
The loss of one of India's finest actors Irrfan Khan on Wednesday was not just mourned in India but by the film fraternity from across the world. Irrfan, who has quite a few Hollywood films to his credit, not just inspired actors back home but left an indelible impression on Indian American actors as well.
MUMBAI — Irrfan Khan, an Indian actor who brought versatility and style to recent hit films and had roles in Hollywood movies such as “Life of Pi” and “The Namesake,” died on Wednesday, aged 53.