George Soros has picked up 3 percent stake in Reliance Entertainment, the media and entertainment company of the India’s Reliance ADA Group (ADAG) for $100 million, valuing the company at $3 Billion. Reliance Entertainment comprises of seven entities: Zapak (casual gaming portal), Big Adda (social networking site), Big Flicks (Movie streaming and rental), Jump Games (Mobile gaming), Anirights (Animation), BIG Music, and BIG Movies. Rajesh Sawhney, President of Reliance Entertainment confirmed the news to our sister site contentSutra, but wouldn’t comment on future plans. More at contentSutra.
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