James Murdoch’s fund slashes investment in Reliance-backed Viacom18

James Murdoch’s venture fund Bodhi Tree slashed its planned investment into Viacom18 to $528 million, down 70% from the committed $1.78 billion, the two said late Thursday as the global weakening economy hammers investors’ appetite.
Viacom18, a joint venture between Mukesh Ambani’s Reliance and Paramount Global, did not say why Bodhi Tree slashed its pledged investment. The planned investment was initially scheduled to close by October last year, according to an earlier statement.
Murdoch announced Bodhi Tree with his long-time collaborator Uday Shankar last year. Qatar Investment Author

リンク元