Jio wins another global backup after the deal with Facebook to handle the global market wisely.
Mubadala investment company has said to be in the idea of investing about 1 billion dollars in the Reliance Industries as said by resources. The amount is roughly 7576 crore.
Jio platforms that houses music and movies app along with the telecom venture of Reliance that is Jio Infocomm has secured the amount of $10 billion dollars from investors like Facebook.
Out of the two people aware of the deal and development, one said, “the talks between Mudabala and RIL have been happening over the past few days. Mudabala has been interested in buying over a little of 1% of platforms pf Jio. the deal is likely to happen close to over 5
trillion that is similar to what has been estimated by the deals agreed upon by Jio, Silver Lake, and Vista equity partners”.
In an email to Reuters, Mudabala said, “clearly Jio’s platform has been attracting a wide range of world-class investors, given its great potential to serve one of the world’s largest market place.