By Naman Ramachandran
04.05.2020 - 15:29 / billboard.com
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.
Jio Platforms was
.By Naman Ramachandran
By James McClain
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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.
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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.
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