Investment Values Reliance Entertainment At $3 Billion
Posted on February 8th, 2008 by dhirender
George Soros has picked up 3% stake in Reliance Entertainment for $100 million (Rs 400 crore), putting the value of the company at around $3 billion (approximately Rs 12,000 crore).
100% owned by Anil Ambani, Reliance Entertainment has three main lines of business - Internet and new media, film entertainment and TV broadcasting.
Reliance Entertainment, under its Internet and new media initiatives, has already launched a number of ventures: Zapak, a gaming portal; Big Adda, a social network and social media venture; Big Flicks, an online and offline movie rentals business; and Jump Mobile, a mobile entertainment venture. [Via]
Filed under: Deal Tracker