By Manish Singh
Silver Lake announced on Monday it will be investing 56.56 billion Indian rupees (about $746.8 million) in Jio Platforms for about 1.15% stake in the Indian telecom network, giving it a valuation of $65 billion, a 12.5% premium* to the valuation implied by the Facebook investment.
The Menlo Park-headquartered PE firm, which has approximately $40 billion in combined assets and committed capital, has invested in dozens of tech firms over the years including in video game engine maker Unity, audio and video communication service Skype, consultancy firm Gartner, Alibaba’s Ant Financial, computer giant Dell, and Chinese ride-hailing giant Didi Chuxing.
Silver Lake has made several investments this year. Last month it invested in Expedia and Airbnb. In March, it invested $1 billion in Twitter, and co-led a round in Waymo. This is the second investment Silver Lake is making in an Indian firm. In 2013, it <a target=_blank …read more
Source: Tech Crunch