💨 Abstract

Reliance Industries Limited (RIL), owned by the Ambani family, won a bidding war to acquire a 49% stake in the Hundred franchise Oval Invincibles, valued at 123 million pounds. RIL beat competition from a tech consortium including CEOs of Google, Microsoft, and Adobe, as well as private equity giant CVC, and will enter an exclusivity period to finalize agreements.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖