Facebook Deal

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Funding by General Atlantic, Facebook, others to position Jio as tech player not just telco: Analysts
Business

Funding by General Atlantic, Facebook, others to position Jio as tech player not just telco: Analysts

Recent investments by Facebook, General Atlantic, Vista and Silver Lake will re-position Jio as a major tech player rather than just a telecom service provider, analysts said on Monday

Jio is uniquely positioned to democratise data and digital services, says General Atlantic's Sandeep Naik
Business

Jio is uniquely positioned to democratise data and digital services, says General Atlantic's Sandeep Naik

General Atlantic announced an investment of Rs 6,598 crore to pick up a 1.34 percent stake in Jio Platforms, valuing the latter at Rs 4.91 lakh crores

Reliance Industries shares gain nearly 2% after company announces over Rs 6,500 deal with General Atlantic
Business

Reliance Industries shares gain nearly 2% after company announces over Rs 6,500 deal with General Atlantic

Shares of Reliance Industries on Monday gained nearly 2 percent after the company announced the sale of 1.34 percent stake in its digital unit to global equity firm General Atlantic for Rs 6,598.38 crore

RIL shares jump over 4% as Vista Equity Partners picks 2.32% stake in Jio Platforms for Rs 11,367 cr
Business

RIL shares jump over 4% as Vista Equity Partners picks 2.32% stake in Jio Platforms for Rs 11,367 cr

Shares of Reliance Industries on Friday jumped over 4 percent after the company announced that US-based private equity firm Vista Equity Partners will buy a 2.32 percent stake in its digital unit, Jio Platforms, for Rs 11,367 crore

US-based PE firm Vista Equity Partners to pick up 2.32% stake in Jio Platforms for Rs 11,367 cr
Business

US-based PE firm Vista Equity Partners to pick up 2.32% stake in Jio Platforms for Rs 11,367 cr

Vista’s investment is at an 12.5 percent premium over the Facebook deal announced in April

EU seeks rivals' feedback on Facebook, WhatsApp deal
News & Analysis

EU seeks rivals' feedback on Facebook, WhatsApp deal

EU antitrust regulators are asking Facebook's rivals and telecoms operators whether the bid for WhatsApp will lead to price hikes and curb innovation.