By Naman Ramachandran
04.05.2020 - 08:13 / variety.com
By Patrick Frater
Asia Bureau Chief
U.S. investment group Silver Lake is to spend $750 million buying a slice of 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. The Silver Lake deal gives Jio Platforms a valuation of $65 billion, some 12.5% higher than the figure implied by the Facebook deal.
Jio Platforms is part of Reliance Industries, a sprawling petroleum to property
By Naman Ramachandran
By James McClain
Disney+ could reach as many as 100 million subscribers in India by 2025, according to a report released Monday by research consultancy Media Partners Asia. Its analysts were careful to point out, however, that a lot will have to go right for the House of Mouse to hit that high number.
By Patrick Frater
By Patrick Frater
The army veteran, who served in India and Burma during the Second World War, decided to mark his 100th birthday on 30 April by walking 100 laps of his garden and gaining praise from everyone from the Queen to Anthony Joshua.
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 Andreas Wiseman
The coronavirus pandemic has left millions across the world stationed and holed up inside their homes. While working from home is become the new normal, actress Jonas, who is currently in the US, seems to be missing India.
MUMBAI — Among the distinguishing features of India’s music business is how closely tied it is to the country’s film industry.
When STX Entertainment unveiled ambitious plans in 2018 to make an initial public offering in Hong Kong —which, ultimately, didn't come to fruition — the company expected to raise $500 million at a target valuation of $3.5 billion. Last Friday, STX surprised the industry with news that it would be merging with Bollywood movie studio Eros International.
Facebook has paid $5.7 billion for a 9.9 percent stake in India's Reliance Jio, the social media giant announced Tuesday. The mobile telecommunications arm of the conglomerate Reliance Industries, Reliance Jio was established in 2016 and has quickly established itself as a dominant player in India with over 370 million subscribers making it the largest mobile telco in the country and third largest in the world by subscribers.
Facebook has paid $5.7 billion for a 9.9 percent stake in India's Reliance Jio, the social media giant announced Tuesday.The mobile telecommunications arm of the conglomerate Reliance Industries, Reliance Jio was established in 2016 and has quickly established itself as a dominant player in India with over 370 million subscribers making it the largest mobile telco in the country and third largest in the world by subscribers.As well as rapidly spreading social media use in India, Reliance Jio's