Reliance Industries is buying out Saavn music app for $104 million in cash and rest in stock, to merge it with its own digital music service JioMusic, valuing the combined music platform at about $1 billion. AZB & Partners and Covington & Burling LLP acted for Reliance industries on this deal. The AZB team was led by Partners Ashwath Rau and Kashish Bhatia along with Counsel Jasmin Karkhanis and Armaan Patkar, Amitabh Robin Singh, Sruti Baid, Dishti Kaji (paralegal). Kirti Balasubramanian, Rina Goyal, Muffaddal Bohra, Kartik Monga and Archika Dudhwewala were part of the due diligence team. The Competition team was led by Partner […]
The post <b>AZB</b>, <b>SAM</b>, Covington, Gunderson act on JioMusic-Saavn merger
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