Reliance Industries Limited (RIL) today announced that it has signed an agreement to for combination of Saavn with JioMusic. The combined entity is valued at over US$1 billion, with JioMusic’s implied valuation at US$ 670 million. “The integrated business will be developed into a media platform of the future with global reach, cross-border original content, an independent artist marketplace, consolidated data and one of the largest mobile advertising mediums,” said RIL. Continue reading “JioMusic, Saavn to merge in a deal valued at over US$ 1 billion”