Report: Microsoft eyes to invest a massive $2 billion in Jio platforms

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Microsoft to invest massive $2 billion in Jio platforms

After getting a financial investment from Facebook, Reliance Jio now appears to be on the radar of every investment firm. This subsidiary of Reliance Industries has actually offered a 17% stake, bagging financial investments from the similarity Silver Lake, KKR, and others. Now, the business’s enduring partner Microsoft is likewise wanting to pitch in more than $2 billion and get a large piece of the pie.

Based on a current Hindustan Times report, Microsoft is considering a $2 billion financial investment in Jio Platforms for a 2.5% stake. Valuation of Jio presently sits at around $65 billion. This will be the 6th financial investment in Jio Platforms within a period of near two months if it goes through, and all of them being from American companies.

Sources familiar with the advancement recommend that the conversations remain in the early stages. The information is yet to be settled; however, it will bring Jio Platforms an action more detailed to its abroad IPO objectives. Mukesh Ambani is obviously prepping for a public offering in the United States over the next 12 to 24 months.

Microsoft and Reliance Jio currently have a collaboration in place. The huge telecom company is hosted on Azure, Microsoft’s cloud platform, in India. It likewise assured us to use complimentary Jio connection and Azure, Microsoft 365 services to SMBs (small and medium-scale businesses) in the nation.

Apart from Microsoft, the business is likewise reported to be in talks with Saudi Arabia’s sovereign wealth fund for a minority stake sale. Jio Platforms will have raised near to $12.5 billion once all of the offers are done and cleaned. This will make it possible for the telecom giant, which has near 400 million customers in India, to considerably lower its financial obligation and move better to its objective of a net debt-free future.

From the telecom business, Jio has now expanded its business to offer several other services, which include Jio Fibre, JioMart, AJio (online fashion store), entertainment apps like Jio Cinema, Jio Tv and LYF branded smartphones.

Abhijit
A technology enthusiast and a tech blogger. He is passionate about rising smart device innovations. Besides blogging, he is learning visual effects(VFX). When he is not writing, probably you will get him in CSGO.

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