24 March 2018

Reliance Signs Deal to Merge JioMusic With 'Saavn'

Reliance Signs Deal to Merge JioMusic With 'Saavn'


Mukesh Ambani-helmed Reliance Industries Ltd announced an integration with leading music app Saavn for its digital music service JioMusic.

Reliance has executed definitive agreements for the combination of Saavn with JioMusic. The combined entity is valued at over $1 billion, with JioMusic’s implied valuation at $670 million.

Source- The Livemint

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