By Patrick Frater Asia Bureau Chief U.S. investment group General Atlantic is to spend $870 million buying a stake in expanding Indian media powerhouse Jio Platforms.
The two companies announced their deal within a month of Facebook emerging as a strategic investor in the firm with a 9.9% stake that cost it $5.7 billion.
That move was followed by stake purchases announced by two financial investors, Silver Lake which paid $750 million and Vista which paid $1.71 billion for a 2.3% stake.
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