American private equity giant Silver Lake Partners has acquired a one percent stake in Jio Platforms for Rs 5,655.75 crore ($750 million), valuing the latter at Rs 5.15 lakh crore and at a 12.5 premium to the value indicated by Facebook.
The deal comes less than two weeks after Facebook spent Rs 43,574 crore ($5.7 billion) to buy a 9.99 percent stake in Jio. That deal valued Jio at Rs 4.62 lakh crore ($65.95 billion). The Facebook-Jio deal was the social media network’s biggest since the $22 billion buyout of WhatsApp in 2014.
What is this deal all about? Will this deal help Jio and what are the brokerage houses saying? In this edition of 3 Point Analysis, Moneycontrol's Sakshi Batra answers all these questions.
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