Billionaire Mukesh Ambani is a man on a mission: to dominate India’s consumer Internet market -- from online retail to digital payments.
He just sealed three deals in as many weeks to raise a combined $8 billion, including from Facebook Inc. Asia’s richest man isn’t done yet, as he races to transform the legacy oil-and-petrochemicals empire his late father built into a technology-driven, e-commerce force.
In the latest announcement Friday from his Reliance Industries Ltd., Vista Equity Partners agreed to pay $1.5 billion for a 2.3% stake in Jio Platforms, the conglomerate’s digital unit.
Earlier this week, Menlo Park, California-based Silver Lake Partners said it would invest $753 million in the business, hot on the heels of Facebook’s