Facebook has invested $5.7 billion for a 10% stake in Jio Platforms, an Indian tech company that includes the nation’s largest wireless provider, Reliance Jio. The deal, which Jio said values its business at roughly $66 billion, is a strong signal of Facebook’s interest in expanding its presence in India. Facebook CEO Mark Zuckerberg said in a post announcing the deal that the two companies...
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Tiger Global’s Tech Portfolio in Limbo as Key Partner Curtius Exits
John Curtius over the last two years became synonymous with the most disruptive force in venture capital—Tiger Global Management. The news that he will start his own startup investment fund next year throws the future of Tiger’s tech investing into question. Under Curtius’ management, the hedge fund turned startup investor poured more than $10 billion into hundreds of private...
U.S. Could Announce New Curbs on AI Exports to China This Week
South Korea’s Naver to Buy Poshmark for $1.2 Billion
Kim Kardashian Pays $1.26 Million to Settle SEC Cryptocurrency Charges
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