Sunday, May 3, 2020

PE firm Silver Lake announces it will invest $747M in Indian telecom giant Jio Platforms, giving it a valuation of $65B, weeks after Facebook invested $5.7B (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
PE firm Silver Lake announces it will invest $747M in Indian telecom giant Jio Platforms, giving it a valuation of $65B, weeks after Facebook invested $5.7B  —  Weeks after Facebook invested $5.7 billion in Indian telecom giant Jio Platforms, private equity firm Silver Lake is following suit.



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...