Reliance Entertainment – $3 Billion Giant

As per Business Standard George Soros has picked up a 3% stake in Reliance Entertainment for $100 million effectively valuing the company for $3 billion. ContentSutra got a confirmation of the same from Rajesh Sawhney, President of the Rs. 400 crore investment.

Zapak, Big Adda, Big Flicks, Jump Games and the whole BIG thing (Movies & Music) are owned by the company, which may be heading towards an IPO soon. This is definitely big news for the Indian industry and the value this market holds for the next little while.