American Private equity firm Silver Lake invests in Jio Platforms

MENLO PARK/NEW DELHI: Silver Lake is an American private equity firm focused on leveraged buyout and growth capital investments in technology, technology-enabled and related industries. Founded in 1999, the firm is one of the largest technology investors in the world and notable for participating in club deals.

On Monday morning, the world's largest tech investor invested in Jio. It announced an investment of Rs 5655.75 crore in Jio Platforms Limited ("Jio Platforms") for 1.15 per cent, becoming the company's second largest outside investor after Facebook. It has a terrific track record of investing in some of the largest and successful tech companies globally such as Twitter, Airbnb, Alibaba, Dell Technologies, ANT Financials, Twitter, Alphabet's Waymo and Verily amongst others. (IANS)

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