Deals
Asia’s Richest Man Courts Saudis, General Atlantic for Jio
- Saudi’s PIF is considering buying a minority stake in Jio
- General Atlantic could invest up to $950 million after talks
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The Saudi sovereign wealth fund and General Atlantic are among firms exploring investments in billionaire Mukesh Ambani’s digital business, as Asia’s richest man seeks to expand his operations outside oil and petrochemicals, people with knowledge of the matter said.
Saudi Arabia’s $320 billion Public Investment Fund is considering buying a minority stake in Reliance Industries Ltd.’s Jio Platforms unit, according to the people, who asked not to be identified as the information is private.