The Gunners have a chance at least to apply some pressure by beating Bournemouth in the early kick-off at the Emirates on Saturday
sports1 hour ago
India's Reliance Industries said KKR will invest $1.5 billion in Jio Platforms, marking the fifth fundraising deal in a month by its digital unit and bringing the total amount of new investment to $10 billion.
Other recent investors in Jio Platforms, which houses movie, music apps and telecoms venture Jio Infocomm, include Facebook Inc, General Atlantic, Silverlake and Vista Equity Partners.
The purchase of the 2.32 per cent stake in Jio Platforms for 113.67 billion rupees is KKR's biggest investment in Asia, Mumbai-headquartered Reliance said in a statement.
The deal pegs Jio Platform's equity value at 4.91 trillion rupees and its enterprise value at 5.16 trillion rupees, the same valuation at which General Atlantic bought a stake in the unit just days earlier.
The deals will help the oil-to-telecoms giant meet its target of eliminating $21.4 billion in net debt this year. It also plans to sell $7 billion in new shares.
KKR, founded in 1976, has invested more than $30 billion in tech companies, including China's ByteDance and Indonesian digital payments firm GoJek.
The Gunners have a chance at least to apply some pressure by beating Bournemouth in the early kick-off at the Emirates on Saturday
sports1 hour ago
Financial inclusion is a critical aspect of economic development, and airpay is making significant strides in this direction
business technology review2 hours ago
Automation can play a major role in transforming the audit landscape in the UAE
business technology review2 hours ago
Government policies and the country's swift post-coronial recovery attracts global investors
business technology review2 hours ago
The Blues chiefs risk backlash from disgruntled fanbase with transfer stance on the England midfielder
sports2 hours ago
Manufacturing, construction and real estate drive the emirate’s economy
business technology review2 hours ago
SageOne sets a new standard for CPS protection, empowering organisations to embrace innovation and drive operational excellence
kt network2 hours ago
Demand for cybersecurity professionals in the UAE is on the rise, say experts
business technology review2 hours ago