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Vista Equity partners with India’s Reliance Jio platform
May 08, 2020
Vista Equity Partners stated it’s going to invest $1.5 billion in Reliance Jio Platforms, becoming a member of social conglomerate Facebook and Silver Lake that have also made investments in Reliance in the last few weeks.
In the last few weeks, Reliance Jio Platforms has introduced plans to sell about 13.4% stake in Facebook, non-public equity company Silver Lake, and Vista Equity Partners for about $8 billion.
The planned announcement, which would supply the U.S.-situated software program-targeted buyout firm Vista Equity Partners a 2.32% stake in Jio Platforms, values India’s pinnacle telecom operator at $65 the equal valuation implied by way of the Silver Lake investment and a 12.5 % premium over Facebook’s deal.
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