Y Combinator’s Garry Tan Goes to the MatRead more

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Intel Buys Stake in Ambani’s Jio Platforms

By
Shai Oster
· · Source: Bloomberg

Intel will invest $253 million for a stake in Indian billionaire Mukesh Ambani’s Jio Platforms, joining a roster of big tech and private equity firms, including Facebook and Silver Lake Partners, investing billions into India’s largest wireless carrier. Jio, which is part of Mukesh’s oil-to-groceries conglomerate Reliance Industries, has sold about 25% of itself to investors as Reliance sought...

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