InvestorQ : Does it look like there are more buyers interested in a stake in Jio Platforms?
diksha shah made post

Does it look like there are more buyers interested in a stake in Jio Platforms?

Answer
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sarah Leo answered.
4 months ago


Yes, the beeline to take a stake in Jio Platforms is increasing by the day. It is now reported that Microsoft is likely to invest $2 billion into Jio Platforms for a stake off a little over 2.5%. The Abu Dhabi Sovereign Fund is also expected to infuse $1billion into Jio Platforms. Jio platforms already has a tie up with Microsoft to use its Azure cloud platform on the Jio networks. While the latest 2 deals are not yet confirmed, Jio Platforms has already received over $10 billion for a 17% stake from marquee names like Facebook, Silver Lakes, Vista Equity, General Atlantic Partners and Kohlberg Kravis Roberts (KKR). Recently, it was also reported that Google may take a stake in Vodafone Idea. Earlier, Google had also been in talks with Jio Platforms but the talks had not worked out, after which Facebook came in.