Microsoft is interested in buying more than 2.5% stake in Jio Platform which amounts upto $2 billion.
If this deal is successfult than world’s most valuable company Microsoft will get a slice of Jio Platforms holding. Reliance Jio has already attracted investments from big companies like Facebook, KKR & CO, Silver Lake, Vista Equity Partners and General Atlantic.
Reliance has got investments worth $10 billion in just a month.
While Microsoft has shown a keen interest in cementing its partnership with Jio Platforms by buying a stake in the company, there is no guarantee that the investment will go through, the second person said, also requesting anonymity.
Digital Market is growing at a fast pace in India which foreign investors are trying to tap in.
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.
Facebook’s April announcement that it would invest $5.7 billion for a 9.99% stake in Jio was quickly followed by $750 million from Silver Lake and $1.5 billion from Vista Equity Partners. On 17 May, Jio Platforms said it was raising $870 million from General Atlantic.