Jio Platforms, a telecom subsidiary of India's Reliance system, has raised about $870 million from private equity firm General Atlantic at a valuation of $65 billion.
Why it matters: In less than a month, the company has raised nearly $9 billion from Facebook, Silver Lake, Vista Equity Partners, and now General Atlantic.
The Japan-based video game giant Nintendo — founded in 1889 as a playing-card company, and responsible for household names like Mario, Donkey Kong and Pokémon — announced a profit jump amid the coronavirus pandemic.
The state of play: In March, Nintendo "not only sold more units of their Switch console than during its launch in 2017, but sold the most consoles in a month for any platform in a decade," the Washington Post's Jon Irwin writes.
