Silver Lake | Pixr8 News

18May By PriyankaNo Comments

FUNDING

Reliance Jio funding: Facebook, Silver Lake & others Invests $8.8 billion

India's leading telecom company Reliance Jio announced another funding round from US-based equity firm General Atlantic. General Atlantic invests $873 Million in Reliance Jio for 1.34% stake, the company said in a statement. This is the fourth deal of Investment in Reliance Jio in less than four weeks that will inject a combined $8.8 billion in the oil-to-telecom conglomerate to help it clear its debt. The Investment puts Reliance Jio's total value around $68 billion. According to the Pixr8 News data, the company has raised a total of $13.5 billion in funding over 9 rounds. The recent deal of General Atlantic follows Facebook picking up a 9.99 percent stake in the firm for $5.7 billion. Within days of that deal, Silver Lake, the world's largest tech investor bought a 1.15...

US Firm Silver Lake Acquire 1 Percent Stake in Reliance Jio

4May By NitishNo Comments

ACQUISITION

US Firm Silver Lake Acquire 1 Percent Stake in Reliance Jio

After Facebook, US-based leading global tech investor Silver Lake acquire 1.15 percent stake in India's leading telecom arm Jio for $750 Million. The investment in Jio Platforms comes within days of Facebook investing USD 5.7 billion to buy a 9.99 percent stake in Jio Platforms. The investment is at a premium of 12.5 percent to the Facebook deal. The Facebook and Silverlake investment would value Reliance Jio at around $65 billion. Reliance Jio have around 340 Million users in India, "This investment values Jio Platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore and represents a 12.5 percent premium to the equity valuation of the Facebook investment announced on April 22, 2020," Reliance said in a statement.

8Apr By AdityaNo Comments

FUNDING

Airbnb Raises $1 Billion in Debt and Equity Funding

Airbnb announced that Silver Lake and Sixth Street Partners will invest $1 billion in Airbnb in a combination of debt and equity securities. The new funding will support Airbnb’s ongoing work to invest over the long term in its community of hosts who share their homes and experiences, as well as the work to serve all stakeholders in the Airbnb community. The desire to explore, connect, have new experiences and have a comfortable place to call home are universal and enduring. And our commitment to create a greater sense of belonging for everyone, everywhere will never change.Brian Chesky, Airbnb Co-Founder, CEO and Head of Community Started in 2008, Airbnb has rapidly grown into a trusted two-sided marketplace that generates real money for millions of regular people who share thei...

Tech Investor Silver Lake to Buy Zoopla Owner for £2.2 bn

11May By Lavina TolaniNo Comments

ACQUISITION

Tech Investor Silver Lake to Buy Zoopla Owner for £2.2 bn

The owner of UK property site Zoopla and comparison site Uswitch is being bought by a US private equity firm for a £2.2bn deal. A California-based tech investor, Silver Lake which also owns the PrimeLocation and SmartNewHomes websites has given its nod to 490p a share bid for parent company ZPG. The bid valued at a £2.2bn will mark a third higher than ZPG’s closing price on Thursday. The deal is being backed by more than 31% of investors including DMGT the parent company of the Daily Mail, which is in line for a £640m payday from the sale of its 29.9% stake. It will also mark the successful exit of business for entrepreneurs Chesterman, who founded Zoopla in 2007 after merging his online DVD rental business ScreenSelect with LoveFilm, which was later acquired by Amazon in 2011 for...