Silver Lake and its co-investors will invest another Rs 4,546.8 crore in Jio Platforms, the second investment by the private equity giant in Reliance Industries' digital unit in over a month and the second such deal in less than 24 hours.
On May 4, Silver Lake, the world’s largest tech investor, invested Rs 5,655.75 crore in Jio. The aggregate investment by Silver Lake is now Rs 10,202.55 crore for a 2.08 percent stake in Jio Platforms, which runs movie, news and music apps as well as the telecom enterprise Jio Infocomm.
Silver Lake is the world’s largest tech investor and has a terrific track record of investing in some of the largest and successful tech companies globally such as Twitter, Airbnb, Alibaba, Dell Technologies, ANT Financials, Twitter, Alphabet’s Waymo and Verily, among others.
# The firm was launched in 1999 as a specialist firm focused on technology company investments.
# It’s portfolio of investments collectively generates revenues of more than $204 billion annually.
# Its portfolio includes Twitter, AirBnb, Alibaba Group, Ant Financial, Didi Chuxing, Motorola Solutions and City Football Group.
# It sold Skype to Microsoft for $8.5 bn in 2011 in one of the most successful private equity exits in history.
Disclaimer: Reliance Industries Ltd, which also owns Jio, is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd