Microsoft keen to buy stake in RIL’s Jio Platforms: Reports
By MYBRANDBOOK
As per news source, Microsoft is in talks to invest an amount of $2 billion in Mukesh Ambani’s Jio Platforms.
“Microsoft has been in discussions with several players in the digital payments services space. With Reliance, Microsoft is interested in buying more than a 2.5% stake in Jio Platforms," a person aware of the development said, seeking anonymity.
Negotiation between Microsoft and Jio is going on and if successful, Microsoft will get a slice of Jio Platforms that has already attracted investments worth $10 billion from Facebook Inc., KKR & Co., Silver Lake, Vista Equity Partners and General Atlantic.
Though Microsoft has shown keen interest in buying stake in Jio but there is no guarantee that the investment will go through, the second person said, also requesting anonymity.
In February, Microsoft’s Chief Executive Satya Nadella said the company has forged a partnership with Reliance Jio. As part of the deal, Reliance Jio plans to set up data centres across the country and use Microsoft Azure’s cloud services for enterprise clients.
Foreign investors are making a beeline for Jio Platforms as they seek to tap India’s fast-growing digital market. Jio Platforms combines all of Reliance’s digital and telecom initiatives, including Jio digital services (mobile, broadband), apps, tech capabilities (artificial intelligence, Big Data, Internet of Things, etc.,) and other investments such as in Den Networks, Hathway Cable and Datacom Ltd.
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