India’s antitrust watchdog has approved Google’s proposed investment of $4.5 billion in the nation’s largest telecom platform Jio Platforms, it said in a tweet on Wednesday. Google announced in July that it would be investing $4.5 billion for a 7.73% stake in the top Indian telecom network.
Did Google invest in Jio?
Alphabet Inc’s Google has paid ₹33,737 crore to Reliance Industries Ltd’s (RIL) digital subsidiary, Jio Platforms Ltd, joining the list of global investors such as Facebook to have infused capital in the Mukesh Ambani-led company. With this transaction, Google now holds 7.73% stake in Jio Platforms.
Who has invested in Jio?
In all, Jio Platforms has raised capital from thirteen investors, including Facebook, Google, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, Public Investment Fund of Saudi Arabia, Intel Capital and Qualcomm Ventures, for a total consideration of 32.9 per cent stake.
What company did Google just invest in?
The search giant is investing $4.5 billion for a 7.73% stake in the top Indian telecom network, Reliance Industries chairman Mukesh Ambani said on Wednesday.
Why is Google invested in Jio?
Primarily, Google hoped to use its investment in Jio to bring smartphones to more users in India, and it hopes that through this partnership with Jio, which reportedly has about 400 million users, will help its efforts.
How can I invest in Jio?
How to invest in Jio Platforms. Currently, Jio Platforms isn’t listed on any stock exchange. If you want to invest in Jio Platforms, you’d have to invest in Reliance Industries stock. Reliance’s chairman and managing director Mukesh Ambani said that Reliance plans to take Jio public in the future.
How much money has Jio invested?
Now Google is the latest company that has invested around $4.5 billion for the 7.73% stake in the Reliance Jio. So far the RIL has now raised $20.2 billion (Rs. 1,52,056 crores) in total from some of the world’s leading tech investors.
|Investor||Stake (%)||Investment (MN $)|
|12. Google||7.73||$4.5 billion|
Who is Jio owner?
How much is Jio worth?
Valuation. In May 2020, the enterprise value of Jio Platforms was estimated to be ₹5.15 trillion (US$72 billion). The company was also reported to be more valuable than all other businesses of RIL put together.
Is Google owned by China?
By November 2013, Google’s search market share in China had declined to 1.7% from its August 2009 level of 36.2%, though it has slowly risen since, representing 3.8% of the search engine market by July 2020.
|Type of site||Search engine|
|Founded||April 12, 2006|
|Headquarters||Beijing , China|
Is Apple owned by Google?
Apple and Google’s parent company, Alphabet, worth more than $3 trillion combined, do compete on plenty of fronts, like smartphones, digital maps and laptops. But they also know how to make nice when it suits their interests. And few deals have been nicer to both sides of the table than the iPhone search deal.