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New Deal


Announced

Completed

Reliance Industries-backed Jio Platforms to invest $200m in Glance.

Financials

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Transaction Value£147m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Acquisition

Minority

Friendly

Private

Online and Social Platforms

India

content platform

Domestic

Completed

Synopsis

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Reliance Industries-backed Jio Platforms, a technology company, agreed to invest $200m in Glance, a lock-screen platform. “Glance has grown at a phenomenal pace over the past two years and has given users a truly unique solution by unlocking the power of the lock screen for experiencing the internet, live content, creator driven entertainment commerce and gaming. With the help of this investment, Glance expects to launch in several key markets globally as well as extend the experience to millions of Jio users, further reinforcing our commitment to provide the most advanced and next-level tech and digital ecosystem for consumers in India and beyond,” Akash Ambani, Jio Platforms Director.

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